Business Organization
100
sole proprietorship, partnership, corporation
What are the three main types of business organization?
200
unlimited liability
What is the biggest disadvantage to sole proprietorships and partnerships?
300
the stockholders and the bond holders
Who are the owners of a corporations, and who hold an IOU from the company?
400
Sole proprietorships
What is the most numerous form of business organization?
500
a company that is like a sole proprietorship but the owner has limited liability for the debts incurred
What is an LLC
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