BUS 210 Business Organization

BUS 210 Business Organization - A partnership two or more...

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Running head: BUSINESS ORGANIZATION 1 Business Organization
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BUSINESS ORGANIZATION 2 Business Organization A joint-stock company is a form of a business organization. This is when an entrepreneur raises capital by selling shares of stock to investors, guaranteeing them a right to a certain percentage of the company’s profit. The main downside to a company like this is that it has unlimited liability. An example of this is Virginia Company; it was founded in 1606 to colonize North America (Encyclopedia Britannica, 2010). A limited liability company is similar to a joint-stock company. The main difference is that the investors had a limited liability, meaning that if the business failed that they were only liable for the money that they chose to invest. An example of a limited liability company is Classified Ventures, LLC.
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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.

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BUS 210 Business Organization - A partnership two or more...

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