5   Forms of Business Ownership

           P & G

 

A  Sole Proprietorships:  Owned by one person

 

            (+)

 

 

            (-)

 

B  Partnerships:  two or more persons act as co-owners of a business for profit

 

            General partner:

            Limited partner:

            Partnership agreement:

 

            (+)

 

 

            (-)

 

C  Corporations

 

            Stock and stockholders:

 

            Closed and open corporations:

 

     1  Forming a corporation

            Where to incorporate –

            Charter –

            Stockholders’ Rights –

 

     2   Corporate Structure

 

     3     (+)

 

     4     (-)

 

D  Corporate Growth

     1  Growth from within

 

     2  Mergers and Acquisitions

 

            Horizontal & Vertical Mergers

 

     3  Current Merger Trends