Forms of business organization | FIN-Ed

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Types of business organization | Forms of business organization | FIN-Ed
The basics of financial management are the same for all businesses, large or small, regardless of how they are organized. Still, a firm’s legal structure affects its operations and thus should be recognized. There are four main forms of business organizations:
(1) proprietorships
(2) Partnerships
(3) Corporations, and
(4) limited liability companies (LLCs) and limited liability partnerships (LLPs)
Based on the dollar value of sales, more than 80% of all business is done by corporations.

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