types of business ownerships

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Forms and type of Business

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CHAPTER 1 The Goals and Functions of Financial Management

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ePortfolio Decision Tree

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Types of Business

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types of business ownerships

Corporation

Sole Proprietorship

Defintion: A Sole Proprietorship is the simplest and most common business structure, it is a privately owned business by one individual who owns the business and is personally responsible for its debts.

Partnership

Subtopic

Co-operative