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Ch 23: Types of Business Organizations: Tutoring Solution

About This Chapter

The Types of Business Organizations chapter of this Introductory Business Law Tutoring Solution is a flexible and affordable path to learning about types of business organizations. These simple and fun video lessons are each about five minutes long and they teach all of the types and components of business organizations required in a typical introductory business law course.

How it works:

  • Begin your assignment or other introductory business law work.
  • Identify the types of business organizations concepts that you're stuck on.
  • Find fun videos on the topics you need to understand.
  • Press play, watch and learn!
  • Complete the quizzes to test your understanding.
  • As needed, submit a question to one of our instructors for personalized support.

Who's it for?

This chapter of our introductory business law tutoring solution will benefit any student who is trying to learn types of business organizations and earn better grades. This resource can help students including those who:

  • Struggle with understanding organizational types, the tax structure and liability of business organizations or any other types of business organizations topic
  • Have limited time for studying
  • Want a cost effective way to supplement their business learning
  • Prefer learning business visually
  • Find themselves failing or close to failing their types of business organizations unit
  • Cope with ADD or ADHD
  • Want to get ahead in introductory business law
  • Don't have access to their business teacher outside of class

Why it works:

  • Engaging Tutors: We make learning about types of business organizations simple and fun.
  • Cost Efficient: For less than 20% of the cost of a private tutor, you'll have unlimited access 24/7.
  • Consistent High Quality: Unlike a live business law tutor, these video lessons are thoroughly reviewed.
  • Convenient: Imagine a tutor as portable as your laptop, tablet or smartphone. Learn about types of business organizations on the go!
  • Learn at Your Pace: You can pause and rewatch lessons as often as you'd like, until you master the material.

Learning Objectives

  • Study the advantages and disadvantages of sole proprietorships.
  • Find out how to create a business partnership.
  • Learn about the tax structure and liability of a partnership.
  • See the advantages and disadvantages of a limited partnership.
  • Learn the benefits of a limited liability partnership.
  • Discover how to create a corporation.
  • Learn the roles of shareholders, the board of directors and officers.
  • Understand the classes of shares and stocks and dividends.
  • Get info on the tax structure and liability of a corporation.
  • Find out how to dissolve a corporation.

13 Lessons in Chapter 23: Types of Business Organizations: Tutoring Solution
What Is Sole Proprietorship: Definition, Advantages & Disadvantages

1. What Is Sole Proprietorship: Definition, Advantages & Disadvantages

Most businesses are sole proprietorships. This is the easiest and most straightforward type of business to form. Sole proprietorships are owned and run by only one person. This lesson explains sole proprietorships.

Creating a Business Partnership Agreement

2. Creating a Business Partnership Agreement

Many businesses are partnerships. These are businesses owned by two or more people. This lesson explains how partnerships are created and the use of partnership agreements.

Tax Structure and Liability of Business Partnerships

3. Tax Structure and Liability of Business Partnerships

Many businesses are partnerships. These are unincorporated businesses owned by two or more people. This lesson explains the tax structure of partnerships and the liability of general partners.

Dissolution and Termination of a Partnership

4. Dissolution and Termination of a Partnership

A partnership is an unincorporated business owned by two or more people. When the partners decide to no longer do business together, they must dissolve, wind up and terminate the partnership. This lesson explains dissolution and winding up.

General Partnership: Definition, Advantages & Examples

5. General Partnership: Definition, Advantages & Examples

Many businesses are structured as general partnerships. General partners share both the benefits and obligations of the business. This lesson explains general partnerships, including the advantages and the liabilities.

What Is a Limited Partnership? - Definition, Advantages & Disadvantages

6. What Is a Limited Partnership? - Definition, Advantages & Disadvantages

Many businesses are formed as partnerships. There are several different types of partnerships. This lesson explains the advantages and disadvantages of limited partnerships.

What Is a Limited Liability Partnership? - Definition, Advantages & Disadvantages

7. What Is a Limited Liability Partnership? - Definition, Advantages & Disadvantages

Many businesses are formed as partnerships. There are actually several different types of partnerships, including limited liability partnerships. This lesson explains the advantages and disadvantages of limited liability partnerships.

What Is a Limited Liability Company? - Definition, Benefits & Examples

8. What Is a Limited Liability Company? - Definition, Benefits & Examples

A limited liability company is a popular business structure that provides the benefits of both a partnership and a corporation. This lesson explains the benefits of limited liability companies.

How to Create a Corporation

9. How to Create a Corporation

A corporation is a complex business structure that allows for the separate existence of the business from the individuals that run the business. This lesson explains corporations and how to create a corporation.

Shareholder, Board of Director & Officer Roles

10. Shareholder, Board of Director & Officer Roles

A corporation is a complex business structure made up of many different individuals. This lesson explains the corporate roles of shareholders, the board of directors and officers.

What Are Dividends? - Investing in Stocks

11. What Are Dividends? - Investing in Stocks

Many people are interested in stock investment, and there are a few basic terms investors and business people should understand. This lesson explains dividends, common stock and preferred stock.

Tax Structure and Liability of Corporations

12. Tax Structure and Liability of Corporations

A corporation is a complex business structure with unique characteristics pertaining to taxation and liability. The advantages of a corporation are subject to certain rules. This lesson explains double taxation, limited liability and piercing the corporate veil.

How to Dissolve a Corporation

13. How to Dissolve a Corporation

Corporations generally have perpetual existence. Therefore, a corporation must be dissolved if the owners wish to terminate the corporation's existence. This lesson explains corporate dissolution.

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