Sole ProprietorshipGeneral PartnershipLimited PartnershipCorporationLLC
Made up of...1 person = 1 company2 or more1 or more general partner and 1 or more limited partnerboard of directors, management, shareholdershybrid partnership, proprietorship, corporation
Advantages-owner maintains control; easy to form-right to share profits; easy to form-easier to raise money; limited liability for limited partnerlimited liability; easier to raise fundsowners can run it; easy to form; limited liability
Points négatifs-Unlimited Liability; difficult to raise money-Each Partner has unlimited liability; hard to raise money-limited partner has limited control;hard to form; separate taxeshard to raise money