Forms of Ownership
One of the first decisions an entrepreneur must make concerns the legal structure for the business. This module presents a chapter from The Law (in Plain English) for Small Businesses by legal expert Leonard DuBoff. It describes seven forms of ownership: sole proprietorships, partnerships, limited partnerships, corporations, S corporations, limited liability partnerships (LLP), and hybrids. It is important to identify the structure of your business so you can process the appropriate organizational documents relevant to your business.
Module: FCE-160, Media: OL, Lessons: 1