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Forms of Business Ownership

Horizontales
Amount of cash and other contributions to be made by each partner; Division of partnership income (or loss).
Partners who have limited involvement in the business
Has a legal life separate from the lives of its owners
Two companies combine to form a new company
A business owned by a single individual
Two or more entities(or partners) share the ownership and profits and losses.
The corporation pays the taxes the first time and the shareholders pay the taxes the second time.
it’s a legal entity that is entirely separate from the parties who own it
Invest money in the business
Verticales
Personal assets can be used to pay the balance
Responsible for day-to-day business decisions
Money, equipment, supplies or other tangible things of value