BUSN 1100 Chapter Notes - Chapter 4: Cash Flow, S Corporation, Excise

• School: Northeastern University
• Department: Business Administration
• Course: BUSN 1100
• Professor: Crittenden William

Document Summary

Lesson 4 - choosing a form of business. Sole proprietorships owned by one person, often entrepreneurs with a good idea and drive. If you own a company, you wanna have great insurance, because you have unlimited liability. Partnerships two or more people are co-owners. Corporation"s separate legal entity with almost all the rights of a human. Limited liability companies (llcs) not many disadvantages, except they can"t. Benefit corporation (b-corp) social benefit in mind raise as much money as corporations. Other business relationships: own entity and rather create a new entity. Cooperative: involving mutual assistance in working toward a common goal. Joint venture: a commercial project taken by two different enterprises that keep their. Syndicate: a group of individuals or organizations combined to promote a certain. Licensing agreement : contract between two parties with a licensor and a licensee common interest.