for fat joe

1. Christian Dushaj
Joey Selita
FORMS OF BUSINESS OWNERSHIP

2. Sole Proprietorship
Advantages Disadvantages
 Limited Liability  Shared Profits
 Ease of Ownership Transfer  Unlimited Liability for
 Greater Access to Capital  Each partner has “Agency”
 Specialized Management power
Expertise  Limited Life
 Simple to create

3. Corporation
advantages Disadvantages
 Limited liability of  Unlimited Liability
stockholders  Limited Life – Business
 Ability to attract capital ends when owner leaves
 Ability to continue the business
indefinitely  Limited Access to Start-up
 Transferable ownership Capital
 Limited Access to Credit

4. Partnership
 Two or more owners
 Least numerous form – 7.7% of all businesses
 Easy to establish
 Complementary skills
 Division of profits
 Larger pool of capital
 Ability to attract