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7 Ownership
Section
7.1 Sole Proprietorships and Partnerships
Section
7.2 Corporations
Sole Proprietorship
Sole Proprietorship
Sole Proprietorship
6
Sole Proprietorship
Disadvantages
7
SECTION 7.1
Sole Proprietorships
and Partnerships
Disadvantages
Partnerships
12
Partnerships
Disadvantages
13
SECTION 7.2 Corporations
What Is a Corporation?
C-Corporation
C-Corporation
status
limited liability
perpetual existence
employee benefits
tax advantages
18
SECTION 7.2 Corporations
Advantages
expensive to set up
20
SECTION 7.2 Corporations
Nonprofit Corporation