Entrepreneurs

A more complex type of business organization is the corporation. It is supervised by a board of directors. Legally, a corporation is treated as if it were an individual. It offers both advantages and disadvantages to the business itself and to the individual stockholders. VIDEO OBJECTIVES - Explain how a corporation is formed - Describe how a corporation is organized - Explain how stocks and bonds differ - Describe the advantages and disadvantages of organizing a corporation

Sole proprietorships is the most common form of business organization. It relies on the work and organizational abilities of one person. VIDEO OBJECTIVES - Describe the advantages of establishing a sole proprietorship - Describe the disadvantages of establishing a sole proprietorship