Gen R , Types of Business Ownership, Retrieved on 20 October from http www. genconnection. com/econ/chapter9.htm The book chapter en d ‘Types of Ownership’ explains different possibilities of business ownership. The author is a curriculum specialist associated with El Segundo Unified School District. The chapter provides brief explanations on Proprietorship, Partnership, Corporation, Multi-nation corporations, Non-profit Organizations and Franchises. The advantages and disadvantages of each of these business types are mentioned as well. Suggestions for the growth of business also have been dealt by the author. The chapter is an ideal reference materials providing basic information on types of business ownerships.
Sources of finance for businesses also have been mentioned in the chapter. The chapter is very brief and provides only minimal information on types of ownerships. Data on different business ownerships in the United States also has been mentioned in the book chapter entitled ‘Types of Ownership’ PLF (2010), Doing Business As A Sole Proprietor, POZNAK Law Firm, Retrieved on 20 October 2011, from < http: //www. poznaklaw. com/articles/solep. htm> This article by POZNAK law firm describes the details of running business as sole proprietorship.
The article provides the legal definition of sole proprietorship and explains the ownership pattern of sole proprietorship. It also deals with the processes involved in starting a company as sole proprietorship. The advantages and disadvantages also have been mentioned in detail. The article warns the readers to be aware of the tax and legal obligations associated with doing a business as sole proprietorship. The article is of much local relevance as the reader can apply the observations made by the author in a local situation. The author being a legal service provider, the information provided by the author is reliable. Ward S (2011), Choosing a Form of Business Ownership Part 1: The Sole Proprietorship, Retrieved on 20 October 2011, from http: //sbinfocanada. about. com/cs/startup/a/formsbusiness. htm? p=1 This article written by Susan ward specifically deals with Sole Proprietorship.
The paper has been written in Canadian context. The advantages and disadvantages of Sole Proprietorship have been explained in detail. This article is a part of a larger article which gives the reader information on choosing from different possibilities of business ownership. Sole Proprietorship has been explained in the article as the simplest possible ownership model in Canada.
The general adaptability of this paper is limited as its scope is limited to Canada.