Forms of Business Ownership


Forms of Business Ownership

Worksheet

    Advantages of the various forms of business ownership include:
  1. An advantage of a sole proprietorship is the ownership of all _________________.
  2. An advantage of a partnership is the benefit of _____________________ ____________________ skills.
  3. An advantage of a coprorate form of ownership is ______________________ financial liability.

    Disadvantages of the various forms of business ownership include:
  1. A disadvantage of a sole proprietorship is ____________________ financial liability.
  2. Disadvantages of a partnership are __________________ financial liability and _____________________ conflicts.
  3. Formation and disolution of a corporation may be ________________ and _________________ to establish.