E.3.1



=Compare and contrast the following forms of business organization: sole proprietorship, partnership, and corporation.=



//Focus Question: What is a Sole Proprietorship, a Partnership, and a Corporation and how do they differ?//

 * Topics on the Page **
 * **Overview of Business Organizations**
 * **Sole Proprietorships**
 * **Partnerships**
 * **Corporations**
 * ** Special Topic Page about The Trump Organization and Donald Trump's Financial Holdings **
 * ** Special Topic Page about Salary Caps and Professional Sports Teams **

Overview
Here is a more in-depth look at Sole Proprietorship from entrepreneur.com,
 * here for the same for Partnership,
 * here for Corporations.

[|BizVizz] is an app that lets you snap a picture of a brand's logo with your phone or tablet and get essential facts about American corporations, including the amount of taxes paid, political contributions made, and government subsidies received. The app is produced by the filmmaker of //As Goes Janesville// about laid-off GM workers in Wisconsin.
 * [|Business Simulation Games for Teaching about Economics] including Coffee Shop, Lemonade Stand, and Cookie Tycoon.

[|Video] about the three types and their advantages and disadvantages

Sole Proprietorship: A business operated by a single individual


" A ** sole proprietorship **, also known as the ** sole trader ** or simply a ** proprietorship ** , is a type of [|business entity] that is owned and run by one individual and in which there is no legal distinction between the owner and the business.

The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts." for more read the article posted on Wikipedia -->Sole Proprietorship

Good examples of sole proprietorships could be flower shops, bake shops, pizza places etc.

Partnership- consists of two different types of a partnership

 * ==== __**General Partnership**__ - //**manage company and assume responsibility for debts and other obligations of the company.**//====
 * ==== __**Limited Partnership -**__ //**"A limited partnership has both general and limited partners. The general partners own and operate the business and assume liability for the partnership, while the limited partners serve as investors only; they have no control over the company and are not subject to the same liabilities as the general partners." for more information on Partnerships check out this link --> Advice on Partnerships**//====

Corporation- a business that is owned by a number of stockholders who share in the firm's profits and losses


Walmart Exxon Mobile Apple Berkshire Hathaway McKesson
 * Click here for 2015 ranking of top 10 American companies from Fortune Magazine. **




 * 10 Giant Corporations That Have Taken Over Much of American Life**
 * Kraft
 * Coca-Cola
 * PepsiCo
 * Nestle (also owns Purina Pet products, Gerber Baby food, Ralph Lauren cologne, Garner Hair products)
 * Proctor and Gamble
 * General Mills
 * Kellogg's
 * Mars
 * Unilever
 * Johnson & Johnson


 * Our Hidden History of Corporations in the United States**
 * **Go here for debates over Corporate Personhood and a draft of a constitutional amendment to revoke corporations constitutional rights**


 * Citizens United v. Federal Education Commission** (2010)

[|Women CEOs] - an article on the women who run Fortune 500 companies [|Diversity in CEOs] - an article about CEOs and the average racial diversity

**Corporate Equality Index 2016: Rating U.S. Workplaces on LGBTQ Equality**