Types of Business Ownership
Unknown Grade45 min
Learning Objective
I can identify and describe the four main types of business ownership: sole proprietorship, partnership, corporation, and limited liability company (LLC).
Lesson Flow
Watch Video
The Different Types of Business Entities in the U.S.
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Practice
5 questions • Short answer
Exit Ticket
“Describe the key characteristics of a limited liability company (LLC) and explain how it differs from a sole proprietorship in terms of liability and management structure. Identify the main advantages and disadvantages of a corporation. Discuss how these factors might influence a business owner's decision to choose this form of ownership over a partnership. ”
Teacher Guide
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