Business organization checkpoint

Business organization checkpoint - Partnership: A group of...

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Business organization checkpoint Joint - stock company: A good example of this would be if a person, or many people build an enterprise and receive money back for it. People can invest in more than one company. Say I have put money into walmart through stocks, but I don't want to lose all of my money if it crashes so I would only put some money into the company and take rest of it and put it in Fred Meyer. Limited liability company: If I put my initial money into a company and it went bankrupt, I would lose the money I put in and nothing else.
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Unformatted text preview: Partnership: A group of people with different talents want to start a business. All of them have a different area of profession and want to combine them all, in which they have a choice on how much they want to put in. They will be the only stockholders. Sole proprietorship: If I start my own coffee shop business. This means I would own the whole business by myself. There would be no partners or stockholders, and all the money would come out of my pocket. If I lost the business, it would be 100 percent loss to me....
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This note was uploaded on 02/21/2011 for the course BUS 210 taught by Professor Scottrought during the Spring '08 term at University of Phoenix.

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