Title: Compare types of company ownership.
Course: Production Systems (13101-18) > Section: Examining Technology and Society

Comparison should include

- sole proprietorship—a business owned by one individual
- partnership—an association of two or more persons or entities that conduct a business for profit as co-owners with shared liability
- corporation—an organization that is a legal entity bearing rights similar to those afforded individuals; a public corporation is owned by stockholders/investors who have the advantage of limited-owner liability allowing the company to exist perpetually.

Process/Skill Questions:

- What are the differences between a corporation and a limited-liability corporation (LLC)?
- What is the significance of franchise ownership?
- How does a company determine its monetary needs?