Name: Brent Nathaniel O.
Citra
Grade & Section: 10 – Our Lady of Grace
Types of Business Organizations
1. Sole Proprietorship: A business owned and operated by a single individual. It’s the
simplest form of business organization.
2. Partnership: A business owned and operated by two or more individuals who share
profits and liabilities. There are general partnerships and limited partnerships.
3. Limited Liability Company (LLC): A hybrid business structure that offers limited
liability protection to its owners (members) while allowing flexibility in management and
taxation.
4. Corporation: A legal entity separate from its owners (shareholders) that provides limited
liability protection. There are C Corporations and S Corporations, each with different tax
structures.
5. Cooperative: A business owned and operated by a group of individuals or businesses
with a shared goal. Profits are typically distributed among members.
Different Forms of Business
1. Franchise: A business arrangement where a franchisor grants a franchisee the right to
operate a business using the franchisor’s brand, products, and systems.
2. Nonprofit Organization: An organization formed for a charitable, educational, religious,
or social purpose, with profits typically reinvested in the mission rather than distributed
to owners.
3. Joint Venture: A temporary partnership between two or more businesses for a specific
project or purpose.
4. Sole Trader: Similar to a sole proprietorship, but often used in countries outside the
United States. It’s a business owned and operated by one individual.
5. Publicly Traded Company: A corporation whose shares of stock are available for
purchase by the public on stock exchanges.
6. Private Limited Company: A company that restricts the transferability of its shares and
is not open to public investment.
7. Family Business: A business owned and operated by a family, often passed down
through generations.
8. Partnership Limited by Shares: A partnership structure where some partners have
limited liability based on the number of shares they hold.
9. Holding Company: A company that owns the majority of shares in other companies,
known as subsidiaries, often for the purpose of controlling those companies.
10. Social Enterprise: A business that aims to generate profit while also addressing social or
environmental issues
