Focus Question: What is a Sole Proprietorship, a Partnership, and a Corporation and how do they differ?
Topics on the Page
First Product Coupon, circa 1888
- Overview of Business Organizations
Cross-Links
Overview
The Cathedrals of Wall Street, Florine Stettheimer, 1939
Here is a more in-depth look at Sole Proprietorship from entrepreneur.com
BizVizz is an app that lets you snap a picture of a brand's logo with your phone or tablet and get essential facts about American corporations, including the amount of taxes paid, political contributions made, and government subsidies received. The app is produced by the filmmaker of As Goes.
Janesville about laid-off GM workers in Wisconsin.
Video about the three types and their advantages and disadvantages
Sole Proprietorship: A business operated by a single individual
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Small flower shop in Madrid, Spain |
" A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business.
The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts." for more read the article posted on Wikipedia -->Sole Proprietorship
Good examples of sole proprietorships could be flower shops, bake shops, pizza places etc.
Partnership- A business owned by multiple owners. It consists of two different types:
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General Partnership- manage company and assume responsibility for debts and other obligations of the company.
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Limited Partnership- "A limited partnership has both general and limited partners. The general partners own and operate the business and assume liability for the partnership, while the limited partners serve as investors only; they have no control over the company and are not subject to the same liabilities as the general partners." for more information on Partnerships check out this link --> Advice on Partnerships
Corporation- a business that is owned by a number of stockholders who share in the firm's profits and losses
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Protest Against Wal-Mart, the largest American corporation |
Here for the Largest Companies by Market Cap in 2023
- Apple is the largest company in the world, with a market cap of $2.54 trillion.
- It's followed by Microsoft ($2.09 trillion), Saudi Arabian Oil ($1.88 trillion), Alphabet (Google) ($1.35 trillion), and Amazon ($1.01 trillion).
10 Giant Corporations That Have Taken Over Much of American Life
- Kraft
- Coca-Cola
- PepsiCo
- Nestle (also owns Purina Pet products, Gerber Baby food, Ralph Lauren cologne, Garner Hair products)
- Proctor and Gamble
- General Mills
- Kellogg's
- Mars
- Unilever
- Johnson & Johnson
Here is a link to an infographic that shows everything the Disney corporation owns.
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Public views of the Citizens United decision, 2010 |
Our Hidden History of Corporations in the United States
Citizens United v. Federal Education Commission (2010)
Women CEOs - an article on the women who run Fortune 500 companies
Here is a link to a biography of Susan Wojcicki, the CEO of Youtube
Diversity in CEOs - an article about CEOs and the average racial diversity
Corporate Equality Index 2016: Rating U.S. Workplaces on LGBTQ Equality
More pages to develop
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