Other Types of Business Owners
While C-corporations are the most common type of corporate ownership, there are other forms that you should be aware of. Read this section to learn about S-corporation, Limited Liability Companies, cooperatives, and non-profit organizations. Completing the exercise at the end of the section will give you a table to use as you prepare for the final exam.
- 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:
- Limited-liability companies
- Not-for-profit corporations
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