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Management Studies

CHOOSING A FORM OF BUSINESS OWNERSHIP

The needs of the business person starting a new business are a major consideration when deciding the best form of business ownership.

The kind of business being started is also important to consider when deciding to make your new business a sole proprietorship, partnership, or corporation.

Look at the list of new businesses below. Indicate the form of ownership you think would be best for each business.

Give the reason for your selection.

BUSINESS

FORM

REASON

Swimming Pool Repair

Flower Shop

Internet-based Specialty Store

Termite Control Service

Textbook Publishing Company

Law Firm

Underwear Manufacturer

Child Care Center

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