-Define it -Who owns the business -Give and example of a business that.docx

The document outlines different forms of business ownership, including sole proprietorships, partnerships, and corporations, along with their respective pros and cons. It emphasizes the importance of understanding who owns each business type and provides examples, as well as distinguishing various partnership types such as general, limited, and limited liability. Additionally, it addresses the implications of each ownership form, helping readers evaluate their options.