VAE 511: Livestock Entrepreneurship (1+0)

TYPES OF BUSINESS OWNERSHIP

• Key types of Business ownership are Sole Proprietorship, Partnership and Corporate.
• Liability, taxes, and financing options will be the deciding factors when choosing the appropriate business structure for an entrepreneurial venture. Whether the business is organized as a partnership or as a corporation could affect the management process, ability to receive a loan and the type and cost of benefits the business can offer.