Demo only :D

1. PATTERNS OF
BUSINESS
OWNERSHIP

2. SOLE PROPRIETORSHIP

3. A sole proprietorship is a
business that is owned and
usually managed by one
person. This is the most
common form of business
ownership.

4. PARTNERSHIP

5. A partnership is a business between
two or more people. It is the least
common type of all the basic forms of
ownership. Out of all business it
makes the least amount of profits.

6. CORPORATION

7. A corporation is a legal
entity with authority to act
and have liability separate
from its owners.

8. Answer the following questions:
1. What pattern of business ownership has the powers,
attributes, and properties expressly authorized by
law or incident to its existence?
a. Partnership
b. Corporation
c. Sole Proprietorship
2. What is the difference between the sole
proprietorship and partnership?
a. Number of members
b. Settling of obligations
c. Dissolution
3. In one sentence or phrase explain the importance
of business.