For Profit commercial enterprises

Question 1

Sole trader/
Sole proprietorship (Enterpreneurship)

1. Who owns it? Who makes the decisions?
2. Who is liable if the debt is not paid?
3. How does financing the business work?
4. How many survices are possible?
5. How private is the company information?
6. Difficulty of registration?
7. Stability of the business?
8. Profit sharing?
9. “Price” of ownership?

Answer 1

1. person = company
2. financing: own money
3. one service or max two
4. private
5. registration is easy
6. risky, no stability
7. can’t sell the company

Question 2

Partnership(Bt)

1. Who owns it? Who makes the decisions?
2. Who is liable if the debt is not paid?
3. How does financing the business work?
4. How many survices are possible?
5. How private is the company information?
6. Difficulty of registration?
7. Stability of the business?
8. Profit sharing?
9. “Price” of ownership?

Answer 2

legally separate from the people in it (2-10 people)
1. the partners
2. all the partners (they pay according to their percentage in the company)
3. own money, loans, grants and subsidies
4. up to the number of partners
5. not private
6. some paperwork but not expensive
7. more stable than the sole trader
8. Dividend - according to the shares
9. buy people out

Question 3

Company/Corporation

LLC-Limited Liability Company
LTD-

1. Who owns it? Who makes the decisions?
2. Who is liable if the debt is not paid?
3. How does financing the business work?
4. How many survices are possible?
5. How private is the company information?
6. Difficulty of registration?
7. Stability of the business?
8. Profit sharing?
9. “Price” of ownership?