Business Ownership Unit
Business Ownership Unit
Types of Business Ownership Activity Sheet
Directions: Fill in the table below to describe the characteristics of each type of business.
|Type |Ownership |Start-Up Cost |Taxes |
| | | | |
|Sole Proprietorship | | | |
| | | | |
| | | | |
|Partnership | | | |
| | | | |
| | | | |
|Corporation | | | |
| | | | |
|Type |Liability |Responsibility for Decisions |General Pros & Cons |
| | | | |
|Sole Proprietorship | | | |
| | | | |
| | | | |
|Partnership | | | |
| | | | |
| | | | |
|Corporation | | | |
| | | | |
Key Terms to Know:
1. corporation
2. franchise
3. intermediaries
4. limited liability
5. manufacturers
6. nonprofit
7. service
8. partnership
9. processors
10. producer
11. retailer
12. sole proprietorship
13. stock
14. unlimited liability
15. wholesaler
-----------------------
Match them up – Create a list of the Business Places underneath the correct type of business on the back of this sheet.
Business Place Type of Business
Oil Refinery Producer
Auto Dealership Processor
Bakery Manufacturer
Law Firm Intermediary
Book Store Service
Paper Mill
Logging Company
Wal-Mart
Hospital
Computer Factory
................
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