The three forms of business organization follow: A sole proprietorship is owned by one person.

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The three forms of business organization follow:

• A sole proprietorship is owned by one person.

• A partnership is owned by two or more persons. Partners usually enter into a written, legal agreement.

• A corporation is owned by its shareholders. It is recognized by law to have a life of its own.

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 08, 2022 01:38 AM

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The three forms of business organization follow: A sole proprietorship is owned by one person.

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Glencoe Accounting First Year Course

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