5 Questions
What is the most common form of business organization in the United States?
Sole Proprietorship
Which type of business organization is owned by a single individual?
Sole Proprietorship
In which type of business organization are the individual owners' income taxed?
Sole Proprietorship
Which type of business organization is a legal entity with shareholders or stockholders?
Corporation
Which type of business organization is taxed as a partnership and has tax advantages for a restricted number of shareholders?
S Corporation
Study Notes
Chapter 4: Options for Organizing Business
- Part 2 of the book covers starting and growing a business
- Focuses on the different forms of business organization
Learning Objectives
- Define and examine the advantages and disadvantages of the sole proprietorship form of organization
- Identify two types of partnership and evaluate the advantages and disadvantages of the partnership form of organization
- Describe the corporate form of organization, citing the advantages and disadvantages of corporations
Business Organization Forms
- Three main forms of business organization: sole proprietorship, partnership, and corporation
Test your knowledge of business organization and growth with this quiz covering options for organizing a business, small business management, entrepreneurship, and franchising.
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