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Unformatted text preview: A partnership two or more people pool their money together and establish a company in which they are the only stock-holders and owners. The profits of the business are divided accordingly to the percent of the stock that each partner owns. An example of this might be a law firm, composed of two or more lawyers who start a company together and both share in the profits. A sole proprietorship is a non-incorporated business entirely owned by one person. An example of this is the printing company my aunt owns, Copy Cat. She is the only owner of this non-incorporated business. BUSINESS ORGANIZATION 3 Reference Encyclopedia Britannica. (2010, August). Joint-Stock Company. Retrieved from http://www.britannica.com/EBchecked/topic/305668/joint-stock-company...
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This note was uploaded on 09/27/2010 for the course BUS 210 BUS 210 taught by Professor Garcia during the Spring '09 term at University of Phoenix.
- Spring '09