Forms of BusinessVersión en línea 3 major types por Bilqise Bellamy 1 Sole Proprietorship 2 Partnership 3 Corporation The business ends when the owner dies Least regulated Unlimited liability Limited access to credit Many run out of money Easiest to start Only taxed once Business risk is shared Requires an agreement to start Not dependent on a sole person If one partner makes a mistake, all partners are responsible Unlimited legal and financial liability is shared Requires a charter to start Ability to raise money by selling stock Limited liability Stockholders pay taxes on profits issued to them More government regulation Business does not end when an owner dies
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