07 Forms of Business Ownership

07 Forms of - Transferability of the business both during life and upon death • Retention of control Franchise NOT a form of ownership A

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BCOR 1010 BCOR 1010: Forms of Business Ownership Advantages Disadvantages Sole Proprietorship Partnerships: General Limited Limited Liability (LLP) Corporation - (classic C) S Corporation Limited Liability Company (LLC) Current as of 12/14/2010
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BCOR 1010 Key Issues in the choice of a form of business ownership include : Taxation Limited Liability Additional issues include : Ease of formation State law treatment, amount of regulation
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Unformatted text preview: Transferability of the business, both during life and upon death • Retention of control Franchise NOT a form of ownership. A franchise is a popular way to operate a business. Entrepreneur NOT a form of ownership. An entrepreneur can be defined as a person who risks his or her wealth, time and effort to develop for a profit an innovative product or way of doing something. Current as of 12/14/2010...
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This note was uploaded on 12/13/2010 for the course BCOR 1010 at Colorado.

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07 Forms of - Transferability of the business both during life and upon death • Retention of control Franchise NOT a form of ownership A

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