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Types of Business Organizations
 

Proprietorships:

  • Single Owner, all debt owners’ liability.
     
  • ADV: Easy start, simple decision making, single taxation.
     
  • DIS: Less scrutiny, owner’s discretion, high risk, capital raising difficult.


 Partnerships
  •  Two or more owners, share risk and profit proportionately.
     
  • ADV: Easy start, less risk involved than proprietorships, single taxation.
     
  • DIS: Risky, conflict prone, large capital raising difficult.


 Corporations
  • Shareholders ownership, limited liability.
     
  • ADV: Capital raising easy, less person dependency.
     
  • DIS: Difficult start, complex management structure, double tax.





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