Link to Chapter 4: Selecting a Form of Business Ownership
Identify the advantages and disadvantages of different types of business ownership.
Before choosing a form of business ownership, there are certain questions you should ask yourself. We'll look through these questions together in Ch 4.1. Make sure to read Ch 4.1 - 4.5, anything in those sections is fair game on the test.
In class we will look at the links below and learn about memory training techniques.
You will use one of these techniques to present information about the form of business ownership you were given. Here is the rubric for this project.
Add any visuals or presentations to this collaborative page.
What if we could combine the best features of a sole proprietorship, partnership, and corporation? It turns out we can. In class we'll talk about other types of business ownership.
Let's review and discuss liability & taxes in the other forms of business.
S-Corporation - We'll look at the advantages & disadvantages of an S-Corporation in your book.
Limited Liability Company - Chrysler (now FCA US LLC), shown above, is an example of a LLC. We'll look at the pluses and minuses of a LLC and how it compares to an S-Corporation using our book.
Cooperative - Our book defines a cooperative as a business ".. owned and controlled by those who use its services."
Not-For-Profit Corporation (Nonprofit) - Formed to serve the public, not to make money.