Business 101

Sole Proprietorship

Partnership

Corporation

A legal entity with authority to act and have liability apart from its owners

General Partnership

Limited Partnership

General Partner

Limited Partner

Limited Liability

Limited Liability Partnership

Advantages of Partnership

Disadvantages of Partnership

Bonds

Advantages of Corporations

S corporation

Merger

Acquisition

Vertical Merger

Horizontal Merger

Conglomerate Merger

Leveraged Buyout

Franchise Agreement

Cooperatives