TYPES OF BUSINESSES



TYPES OF BUSINESSES

CIVICS AND ECONOMICS

What are the various ways to structure a business?

| |SOLE PRORIETORSHIP |PARTNERSHIP |CORPORATION |

|DEFINITION-How is the business | | | |

|organized? | | | |

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|ADVANTAGES to the type of | | | |

|business | | | |

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|DISADVANTAGES to the type of | | | |

|business | | | |

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|TERMS TO UNDERSTAND |Unlimited Liability: |Unlimited Liability: |Limited Liability: |

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| | | |Charter: |

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| |Financial Capital: |Articles of Partnership: | |

| | | |Stock: |

Video Clip:

1. Why do corporations sell stock? Why would a person invest in the stick market?

2. What are the 2 ways to make money from stock? Be sure to EXPLAIN each.

3. As an investor, what are some issues you should consider before buying/investing in stock?

Making a Business Plan: You/your group want to start your own business. In order to do so, you there are many things you must consider. Use the links on the website to create a list of actions you would need to take to start a business. Remember if you are in a partnership or are a corporation, you must consult your partners/board of directors before making a decisions. Some of the decisions you are forced to make will be guided by the structure of business you choose.

Think beyond money and supplies, there are many things that would go into making a business, make sure you incorporate them into you plan.

After your plan has been created, the plans will be assessed. The person or group with the best plan will allowed to replace a low homework with a 100 or add 10 points to a low quiz/class work grade.

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