Question

Explain various types of non-corporate and corporate business enterprises. State any six

characteristics of entrepreneurship​

Answer 1

A non-corporate entity is an organization formed by individuals to run a business venture in order to make and earn profit. These forms of organization do not have separate legal entity. The ownership and management is one and the same.

Answer 2

Explanation:

The difference between corporate and non-corporate shareholders has to do with the entity that owns company stocks. Corporate shareholders are corporations that have purchased another corporation's stock, whereas non-corporate shareholders are usually individuals that have purchased a corporation's stock.

When it comes to types of corporations, there are typically four that are brought up: S corps, C corps, non-profit corporations, and LLCs.