Forms Of Bussiness Ownership

Question 0

Partnership

2 types

Answer 0

2 or more co-owners

General partners- personally liable, r responsible for operations

Limited partners- business losses only to the extent of their investment

Question 1

Sole Proprietorship

Answer 1

Simplest form of single ownership

Accept personal liability for Bussiness

Question 2

Corporation

Answer 2

Legal entity seen as artificial person,

Board of directors manage

Corp. pays taxes on profits
Shareholders pay taxes on dividends the receive

Question 3

Security

Answer 3

When party joins another with expectations of making profit.

Sold interstate, regulated by securities and exchange commission

Securities sold intrastate (within state lines) r regulated by blue sky laws

Question 4

Syndicate

Answer 4

2 or more people untie and pool their resources to own or develop

Question 5

Joint venture

Answer 5

To enter into relationship that is certain time frame.
Not permanent

Share in all

Question 6

REIT

Answer 6

Real estate investment trust

Investors can avoid dbl taxation

Question 7

LLC

Answer 7

Limited liability company

Get out of dbl taxation