Chapter 16

Coversheet 16 coversheet

PowerPoints  16_1 Lecture Series with notes   and 16_2 Lecture Series with notes

Student Notes 16 Lecture Series with notes

Student workbook pages (SWB) 16 SWB chapter 16

Chapter Summary Form

Textbook (chapter 16, 17, 18, 19) Textbook Unit 6 chatper 16_17_18_19


16.1 What you’ll learn:

  • Describe how to form and run a sole proprietorship.
  • List the advantages and disadvantages of a sole proprietorship.
  • Explain the rights and responsibilities of partners.
  • Identify the different types of partners.
  • Explain how a partnership can be terminated.

Knowing the differences between sole proprietorships and partnerships will help you decide which form of business is best for you.

16.2 What you’ll learn:

  • Characterize corporations.
  • Explain the different types of corporations
  • Discuss the steps involved in forming a corporation
  • Explain what a limited liability company is
  • List the steps in forming a limited liability company.

Knowing how to form a corporation or limited liability company will help you if you want to expand your business.