-Define it -Who owns the business -Give and example of a business that has this form of ownership -List the pros and cons of each and explain why this is a pro/con -If there are specific types, please identify and explain the differences (for example: Partnerships- general, limited, limited liability, master limited) Types of ownership: -Sole Proprietorship -Partnership -Corporation .

1. -Define it
-Who owns the business
-Give and example of a business that has this form of ownership
-List the pros and cons of each and explain why this is a pro/con
-If there are specific types, please identify and explain the differences (for example:
Partnerships- general, limited, limited liability, master limited)
Types of ownership:
-Sole Proprietorship
-Partnership
-Corporation