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Other Types of Business Owners

Introduction

LEARNING OBJECTIVE

  1. Examine special types of business ownership, including S-corporations, limited-liability companies, cooperatives, and not-for-profit corporations.

In addition to the three commonly adopted forms of business organization - sole proprietorship, partnership, and regular corporations - some business owners select other forms of organization to meet their particular needs. We'll look at several of these options:

  • S-corporations
  • Limited-liability companies
  • Cooperatives
  • Not-for-profit corporations

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