chapter11proprietorships,partnerships,and corporations.pptVIP

* * * * *  * * * * * * * * * * * Chapter Eleven Proprietorships, Partnerships, and Corporations McGraw-Hill Education 11-* LO 1 Identify the primary characteristics of sole proprietorships, partnerships, and corporations. LO 1 11-* Business Forms A sole proprietorship is owned by a single individual. A partnership is owned by two or more individuals. Partnerships require clear agreements about authority, risks, and the sharing of profits and losses. A corporation is a separate legal entitycreated by the authority of a state government. Each state has separate laws governing esta