ib_p04_entrepreneur - Click to edit Master subtitle style...

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Unformatted text preview: Click to edit Master subtitle style 21st Century Entrepreneurs Small Business Workshop Corporate Structures and Financing Options Click to edit Master subtitle style 21st Century Entrepreneurs Small Business Workshop Corporate Structures Options Click to edit Master subtitle style 21st Century Entrepreneurs Small Business Workshop Corporate Financing Options Types of Firms Sole proprietorship A firm owned by a single individual and not organized as a corporation. Partnership A firm owned jointly by two or more persons and not organized as a corporation. Corporation A legal form of business that provides the owners with limited liability. Types of Firms Who Is Liable? Limited and Unlimited Liability Asset Anything of value owned by a person or a firm. Limited liability The legal provision that shields owners of a corporation from losing more than they have invested in the firm. Types of Firms Who Is Liable? Limited and Unlimited Liability SOLE PROPRIETORSHIP PARTNERSHIP...
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This note was uploaded on 04/08/2008 for the course CISC 104 taught by Professor Lynch during the Spring '08 term at Northampton Community College.

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ib_p04_entrepreneur - Click to edit Master subtitle style...

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