types of business ownerships

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ECONOMIC SYSTEM

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Student Voice

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Types of Business and Forms of Business Ownership By: Abid Istwani, Ayaan Mohammed

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5 TYPES AND FORMS OF BUSINESS OWNERSHIP

af Amanda Huynh - Fairwind Sr PS (1159)

types of business ownerships

Corporation

Sole Proprietorship

Defintion: A Sole Proprietorship is the simplest and most common business structure, it is a privately owned business by one individual who owns the business and is personally responsible for its debts.

Partnership

Subtopic

Co-operative