Unformatted text preview: looks to start a business with the ideal business partner. These people may be knowledgeable in different areas in which accommodates the others expertise. Having two separate thinking individuals and incorporating all of that into a business will really aid in its success. Sole proprietorship: An example of this is: If I started my own coffee shop business, this would mean I would own the whole business by myself without having to share any of my profits but when necessary. There would be no partners nor any stockholders, and all the money would come out of my pocket and go in my pocket. If something was to happen and I lost the business then I would be the only one responsible for the lost and a failed business venture....
View Full Document
- Spring '09
- Business Law, Corporation, partner, Business Organization Checkpoint