What would a business scenario, either real or fictional, that depicts each of the following forms of business organization sound and look like?
Joint-stock company- An association of individuals in a business enterprise with transferable shares of stock, much like a corporation except that stockholders are liable for the debts of the business.
Limited liability company- A company in which the shareholders cannot be assessed for debts of the company beyond the sum they still have invested in the company.
Partnership- The state or condition of being a partner; participation; association; joint interest.
Sole proprietorship- A business organization that is unincorporated and has only one owner.
2007-11-29
16:08:50
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4 answers
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asked by
mysticangel23princess
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Education & Reference
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