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An organization that operates with the goal of making money.

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A limited liability company is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

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A corporation is a legal entity that is separate and distinct from its owners. 1  Corporations enjoy most of the rights and responsibilities that individuals possess: they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes.

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A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned enterprise".

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A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits.

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A public company is a corporation whose ownership is distributed amongst general public shareholders via the free trade of shares of stock on exchanges or over-the-counter markets.

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A good example business for Co-op would be the Daily Farmers of America.

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further marketing reach, and lower costs.

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Decision making power and social benefits.

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An organization that has been granted tax exempt status by the IRS because it furthers a social cause or provides public benefit.

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Blockbuster and Westinghouse

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Shares do not trade on public exchanges, and are not issued through initial public offering.

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No restrictions on the number of members allowed. Members have flexibility in structuring the company management.

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More expensive to form than sole proprietorships and general partnership, Ownership is typically harder to transfer than with a corporation. Limited Life.

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A business/enterprise that is ran / owned by one person.

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flexible schedule

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you are your own boss

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If the company doesn't make money, neither do you

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You have another person to help with ideas for the business and then you have 2 people checking everything to make sure there aren't any mess-ups

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1 disadvantage there is to a partnership is the liability of the partners for the debts of the business is unlimited.

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Easier to raise capital

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One advantage is the corporation is easier to transfer ownership.

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double taxation and independent management

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A huge disadvantage of a corporation is double taxation. (JASON U)

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A huge disadvantage of a corporation is double taxation. (JASON U)

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You pay the taxes

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Churches, State funded colleges, The Red Cross.- Noah

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Google, Apple, Amazon, Speedway.- Noah

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One disadvantage of having a partnership is the lack of stability and emotional issues.

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Chik-Fl-A

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Apple and Microsoft

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Google and General Electric they are run by the general public using shares and stocks

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Whitehouse Inn

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nike/ air Jordan share the profits but combine together

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Potential disagreements between owners

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Some states do not allow professional groups to operate through an LLC.

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A disadvantage to a LLC is the excessive costs and expenses.