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8 July, 07:48

Define the three main forms of legal ownership of a business. Which one appeals most to you and why?

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  1. 8 July, 09:01
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    The three forms of business ownership are Sole proprietorship, Partnership, and Corporation. Sole Proprietorship is a business that is owned by one person. Partnership is a type of business ownership that is owned by two or more persons. Corporation is a type of business ownership where in a group of people formed a corporation or a business that act as a single entity.

    The type of business ownership that appeals to me is the Sole Proprietorship because in this type of business ownership makes you your own boss. Also, in Sole Proprietorship starting of business is easy because in order to build up a business permits from local government is only needed.
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