Selecting A Form of Business Ownership

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Written by:

Stacy F


Date added:

May 27, 2014








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9 / 2469


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Describe methods of owning existing businesses. B. One of the most important decisions an entrepreneur must make when establishing a new business is the form of ownership. This chapter examines the major forms of business ownership and identifies ways investors can become owners of existing businesses...
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Sole Proprietorship A sole proprietorship is a business owned by a single owner. The owner is called the sole proprietor. About 70 percent of all firms in the United States are organized as sole proprietorships. However, since most sole proprietorships are small, they generate less than 10 percent of all business revenue...
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