会计英语第四版叶建芳08.pptVIP

YE SUN AccountingEnglish Financial Accounting 1 Lesson summary 6 Lesson 8 Owner’s equity Principal Legal Forms of Business Sole proprietorship. Partnership. Corporation. Legal Forms of Business: Sole Proprietorship Owned by an individual. Not legally separate from the owner. Cannot issue stock. Legal Forms of Business:Partnership Same features as sole proprietorship except owned by 2 or more partners. Limited partnerships. Managed by general partner who has unlimited liability. Other partners have limited liability. Legal Forms of Business: Corporation Separate (artificial) legal