Week 2 Check Point Business Organization

Week 2 Check Point Business Organization - Business...

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Business Organization Business Organization Joshua Woodward University of Phoenix of Axia College BUS210/Foundations of Business Scott Rought January 27, 2008 1
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Business Organization Business Organization There four primary types of business organization; joint-stock company, limited liability company, partnership, and sole proprietorship. For each of these business organizations, I will give an example of a business or business scenario that best relates to each business organization. A business scenario that could be best compared to a joint-stock company would be that of a company that has multiple investor with different amounts of money invested into the company. A law firm that has multiple lawyers and other sole investor who have invested their own money into the law firm can best depict the business scenario related to joint-stock company business organization. In this scenario creditors can seek the personal wealth of its investor to settle debt. For a limited liability company
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This note was uploaded on 05/08/2008 for the course BUS 210 taught by Professor Scottrought during the Spring '08 term at University of Phoenix.

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Week 2 Check Point Business Organization - Business...

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