Name the three different organizational forms of companies
Sole prorietorship => one owner / manager
Partnership (general or limited) => multiple owner (zb Genossenschaft)
Corporation (limited liability company)
Name advantages and disadvantages for those 3 organizational forms
Sole proprietorship:
advantages:
easiest to start
Least regulated
Single owner keeps all the profit
Disadvantages:
limited life of owner
Unlimited liability
Zuletzt geändertvor 2 Jahren