What are the advantages and disadvantages of owning your own business?
What steps do you need to take now to make owning a business part of your life-span plan?
BUSINESS OWNERSHIP FORMS
Proprietorship
Focus on REAL LIFE
Describe the three major forms of business ownership.
Proprietorship
Corporation
Choosing a Proprietorship
CHOOSING A FORM OF BUSINESS OWNERSHIP
What are the differences between the three main forms of business ownership?
to profits unless the board of directors approves it.
business ownership or capital needs that must be met.
Partnership
Choosing a Partnership
Businesses achieve goals through teamwork.
In general, a proprietorship is easy.
Specialized Partnerships and Corporations
OTHER FORMS OF OWNERSHIP
some of the profit without having to take part in the day-to-day management and operations.
Choosing a Corporation
What forms of corporate business are most common in your community?
Cooperatives and Franchises
A special form of business organization that combines advantages of a corporation and a partnership is a
The form of ownership that gives one person sole control over all business decisions is the
True or False. All investors in a general partnership have full liability for the debts of the business.
The people who make the major policy and financial decisions in a corporation are the
Communication Two friends who want to open a store
Research Go online to find information on a franchise opportunity related to a current career interest.
Read Find a news article about cooperatives or a specific cooperative.
What are the other specialized forms of business ownership?
A franchise is a written contract
CRITICAL THINKING AND PROBLEM SOLVING
