Question

what what are the types of businesses with examples and phases of entrepreneurial skills.​

Answer 1

Answer:

There are Four main Type of bussiness organization .

• Sole proprietorship

• Partnership

• Corporation

• Limited Liability Company ( LLC )

Phases of Entrepreneurial skills

• Idea

• Decision

• Proof

• Growth

• Long - term plan

Answer 2

Types of Business with Example

1. Sole Proprietorship

• Owned by one Person
• No legal or financial distinction between business & business owner

2. Partnership

• Business, Financial & Legal responsibilities equally divided
• Must be registered for IRS purposes

3. Limited Partnership

• Ideal for those interested in raising capital from investors who aren't active day-to-day duties

4. Corporation

• Independent, Multiple Shareholders
• Appropriate for established businesses with employees

5. LLC (Limited liability company)

• Blend of Partnership & Corporation
• No personal property at risk
• Less regulation

6. Non-Profit

• Earning pay expenses of company
• Can apply for "tax exempt" status

7. Co-op

• Earning Divided among members
• No external stakeholders
• Member use its Services

Phases of entrepreneurial skills

• Ambition.
• Willingness to Learn.
• Ability to Listen.
• Creativity.
• Assertiveness and Confidence.
• Perseverance.
• Courage and Risk Taking.

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