Chapter 2 Forms of Business Ownership

DOI: 10.4324/9781003458524-2

Learning Outcomes

By the end of this chapter, you will be able to:

  • identify the different types of business forms.
  • describe the characteristics and structure of the types of business forms.
  • state the advantages and disadvantages of the types of business forms.

Chapter Outline

  • Introduction
  • Sole Proprietorship (Advantages and Disadvantages)
  • Partnerships (Advantages and Disadvantages)
  • Limited Liability Company (Advantages and Disadvantages)
  • Business Corporations (Advantages and Disadvantages)
  • Cooperative Societies
  • Social Enterprises
  • Conclusion
  • References
  • Chapter Question
  • Sources

2.1 Introduction

Prior to making a decision to start an enterprise, certain critical ...

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