Types of Business Ownership

Types of Business Ownership

Grade Unknown Grade · Career & Technical Education · 45 min

What's Included

Learning Objective

I can identify and describe the four main types of business ownership: sole proprietorship, partnership, corporation, and limited liability company (LLC).

Warm-Up Video

Unknown Channel · 5:00

The Different Types of Business Entities in the U.S.

Practice Questions

5 questions · Short answer

Exit Ticket

Quick comprehension check

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

Get the complete package:

  • Answer keys for all questions
  • Differentiation strategies
  • Extension activities
  • Printable student handouts