Scribd Logo
Upload

Welcome to Scribd!

  • 245 views

    Types of Businesses Chart Worksheet

    Uploaded by

    Yousif Jamal Al Naqbi 12BE
    The document provides a chart comparing different types of businesses: sole proprietorships, partnerships, and corporations. It defines each business type and lists some of their key advantages and disadvantages. A sole proprietorship is owned by one individual and offers low startup costs but unlimited liability. A partnership involves two or more partners who have unlimited liability for partnership debts. A corporation provides liability protection for owners but is more complex to establish and subject to double taxation.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Types of Businesses Chart Worksheet

    Uploaded by

    Yousif Jamal Al Naqbi 12BE
    245 views1 page
    The document provides a chart comparing different types of businesses: sole proprietorships, partnerships, and corporations. It defines each business type and lists some of their key advantages and disadvantages. A sole proprietorship is owned by one individual and offers low startup costs but unlimited liability. A partnership involves two or more partners who have unlimited liability for partnership debts. A corporation provides liability protection for owners but is more complex to establish and subject to double taxation.

    Original Title

    types-of-businesses-chart-worksheet - Copy

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides a chart comparing different types of businesses: sole proprietorships, partnerships, and corporations. It defines each business type and lists some of their key advantages and disadvantages. A sole proprietorship is owned by one individual and offers low startup costs but unlimited liability. A partnership involves two or more partners who have unlimited liability for partnership debts. A corporation provides liability protection for owners but is more complex to establish and subject to double taxation.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    245 views1 page

    Types of Businesses Chart Worksheet

    Uploaded by

    Yousif Jamal Al Naqbi 12BE
    The document provides a chart comparing different types of businesses: sole proprietorships, partnerships, and corporations. It defines each business type and lists some of their key advantages and disadvantages. A sole proprietorship is owned by one individual and offers low startup costs but unlimited liability. A partnership involves two or more partners who have unlimited liability for partnership debts. A corporation provides liability protection for owners but is more complex to establish and subject to double taxation.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 1

    Name: YOUSIF JAMAL ALNAQBI Date: 27/04/2023 Class: 12 BE

    Types of Businesses
    Complete the chart.

    Type of Business Definition ADV DIS


    A Sole proprietorship is start-up costs are low. Among one of the
    Proprietorship an enterprise owned you have maximum biggest disadvantages
    exclusively by one privacy. establishing of a sole proprietorship
    natural person and in and operating your is unlimited liability. This
    which there is no legal business is simple. it's liability not only spans
    distinction between the easy to change your the business but the
    owner and the business legal structure later if business owner's
    entity. The entrepreneur circumstances change personal assets. Debt
    exercises his activity you can easily wind up collectors can access
    without having created your business. your savings, property,
    a distinct legal person. cars, and more to see a
    debt repaid.

    A partnership is an Advantages of a Disadvantages of a


    Partnership arrangement where partnership include that: partnership include that:
    parties, known as two heads (or more) are the liability of the
    business partners, better than one. Your partners for the debts of
    agree to cooperate to business is easy to the business is
    advance their mutual establish and start-up unlimited. Each partner
    interests. The partners costs are low. more is 'jointly and severally'
    in a partnership may be capital is available for liable for the
    individuals, businesses, the business. partnership's debts; that
    interest-based is, each partner is liable
    organizations, schools, for their share of the
    governments or partnership debts as
    combinations. well as being liable for
    all the debts.
    A corporation is an Advantages of a The primary
    Corporation organization—usually a corporation include disadvantage of the
    group of people or a personal liability corporate form is the
    company—authorized protection, business double taxation to
    by the state to act as a security and continuity, shareholders of
    single entity and and easier access to distributed earnings and
    recognized as such in capital. Disadvantages dividends. Some
    law for certain of a corporation include advantages include:
    purposes. Early it being time-consuming limited liability, ease of
    incorporated entities and subject to double transferability, ability to
    were established by taxation, as well as raise capital, unlimited
    charter. Most having rigid formalities life, and so forth. 4.
    jurisdictions now allow and protocols to follow.
    the creation of new
    corporations through
    registration.

    You might also like