Are you a business owner? Maybe you plan on being a business owner someday.
What structure of business do you plan on establishing?
Knowing the different types of business organizations will make your decision-making process easier.
Types of Business Organization is a guide to the different types of business organizations that exist in the world today.
The success of any business depends on its structure.
Understanding the different types of organizations that exist will aid your decision-making process on choosing which structure will work best for you after considering your personal, financial, tax concerns.
This book explains four types of business organizations with their pros and cons of each organization.
They are:
• Sole Proprietorship – It usually consists of a single person engaging in business.
• Partnership – This consists of two or more individuals who own and operate a business
• Corporation – The most dominant form of organization. It has a legal identity separate from its owners.
• Limited Liability Company (LLC) – it is a joint business that combines the features of both a partnership and a corporation.
Grab a copy of this book to learn more about the various forms of business organizations.
