Question

What are the forms of organization in entrepreneurship?

Answer 1

Explanation:

There are three main types of business organizations: sole proprietorship, partnership and corporation.

The next type of business organization is a corporation, which is defined as a legal entity owned by shareholder(s).

Answer 2

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It is important that the business owner seriously considers the different forms of business organization—types such as sole proprietorship, partnership, and corporation. Which organizational form is most appropriate can be influenced by tax issues, legal issues, financial concerns, and personal concerns