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    Types of Business Organizations

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    What are the three primary forms of business organizations? Describe their advantages and disadvantages from a financial point of view.

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    The three main types of business organizations are: Sole Proprietorship, Partnership and Corporation.

    Sole Proprietorship
    - It is the simplest form of business organization.
    - This type of business is owned by single individual.

    - It is inexpensive to form
    - The business avoids corporate income taxes
    - All profits flow directly to the owner

    - It is difficult to obtain large sums of ...

    Solution Summary

    The solution lists the types of Business Organizations and their advantages and disadvantages.