Foundations of Business: Choosing An Entity That Meets Your Needs

Read Exploring Business: Chapter 4.5.

Watch video on Choosing The Entity That Best Fits Your Business Needs about forms of business ownership.

Discuss corporation vs. LLC https://www.incorporate.com/starting-a-business/comparing-corporations-llcs/

Play game about types of business ownership using descriptions here. Have students write description under correct company type. Give points to each team for correct answers.

Play Kahoot!

Learning Target:

  • I can differentiate between an S-corporation, limited-liability company (LLC), cooperative and not-for-profit corporation.

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