Business - Basic Forms of Ownership

Basic Forms of Ownership

Although forms of business ownership vary by jurisdiction, several common forms exist:

  • Sole proprietorship: A sole proprietorship is a business owned by one person for-profit. The owner may operate the business alone or may employ others. The owner of the business has unlimited liability for the debts incurred by the business.
  • Partnership: A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three typical classifications of for-profit partnerships are general partnerships, limited partnerships, and limited liability partnerships.
  • Corporation: A corporation is a limited liability business that has a separate legal personality from its members. Corporations can be either government-owned or privately owned, and corporations can organize either for-profit or not-for-profit. A privately owned, for-profit corporation is owned by shareholders who elect a board of directors to direct the corporation and hire its managerial staff. A privately owned, for-profit corporation can be either privately held or publicly held.
  • Cooperative: Often referred to as a "co-op", a cooperative is a limited liability business that can organize for-profit or not-for-profit. A cooperative differs from a for-profit corporation in that it has members, as opposed to shareholders, who share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy.

Read more about this topic:  Business

Other articles related to "form, basic forms of ownership, forms, ownership":

Form - Computing
... Form (web), a document form used on a web page to, typically, submit user data to a server Form (programming), a component-based representation of a GUI window ...
Firm - Basic Forms of Ownership
... Although forms of business ownership vary by jurisdiction, several common forms exist Sole proprietorship A sole proprietorship is a business owned by one person for-profit ... In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business ...
Guerrilla Communication - Forms
... One form of guerrilla communication is the creation of a ritual via participative public spectacle to disrupt or protest a public event or to shift the perspectives of passers-by ... Such spectacles often take the form of street and guerrilla theater ... Pie-throwing as performance art is a form of guerrilla communication ...
Dualism (philosophy Of Mind) - Historical Overview - Plato and Aristotle
... In the dialogue Phaedo, Plato formulated his famous Theory of Forms as distinct and immaterial substances of which the objects and other phenomena ... Plato makes it clear, in the Phaedo, that the Forms are the universalia ante res, i.e ... Plato's forms are non-physical and non-mental ...
Oracle Forms
... Oracle Forms is a software product for creating screens that interact with an Oracle database ... The primary focus of Forms is to create data entry systems that access an Oracle database ...

Famous quotes containing the words ownership, basic and/or forms:

    They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)

    I fly in dreams, I know it is my privilege, I do not recall a single situation in dreams when I was unable to fly. To execute every sort of curve and angle with a light impulse, a flying mathematics—that is so distinct a happiness that it has permanently suffused my basic sense of happiness.
    Friedrich Nietzsche (1844–1900)

    An expense of ends to means is fate;Morganization tyrannizing over character. The menagerie, or forms and powers of the spine, is a book of fate: the bill of the bird, the skull of the snake, determines tyrannically its limits.
    Ralph Waldo Emerson (1803–1882)