Business Structures for use with Oakland Schools Moodle course for economics.

1. Business Structures
 Sole Proprietorship
 The simplest form of
business organization
 a firm that is owned and
operated by 1 person
 may hire others as workers
 75% of Business and most on
human resources (jobs)
 Examples:
 plumber, hair stylist, lawn
maintenance, tattoo artist

2. Business Structures
 Partnership
 Two or more people agree
to contribute resources to
business and share profits
 General Partnership
 Partners share both in
responsibility of running
the business and in any
liability for debts
 Limited partnership
 One partner runs the
business and bears unlimited
liability; other partners
provide financial capital, but
have limited liability
 Examples: physicians, lawyers

3. Business Structures
 Corporation
 A legal entity with an existence
that is distinct from the people
who organize, own and run it
 Private Corporation
 Stock ownerships limited to
just a few people sometimes
family members; shares of stock
are not publicly traded
 Publicly traded Corporation
 Shares of stock owned by many
(shareholders); stock can be
bought or sold by the public in
stock exchange markets
 90% goods/services bought
 Examples: Ford, Nike,
Starbucks, Google