PARTNERSHIP CORPORATION COOPERATIVE

Owners In Partnership, two or more The firms are legally owned by

people share ownership of a stockholders who have purchased
single business. shares of the company.
Liability Both the owners are liable for the
debts of the business.
Lifespan
Decision
Making
Taxation Owner (partners) reports the
profit or loss on his or her
personal tax returns

Comparison Matrix (2)

Corporate
Maintenanc
e

One of the first decision you’ll make as a business owner is how your business will be structured. You need to know the differences of
each of the forms of organization to make sure you make the right decision of your business.