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Ch 23: Types of Business Organizations: Help and Review

About This Chapter

The Types of Business Organizations chapter of this College-Level Introductory Business Law Help and Review course is the simplest way to master types of business organizations. This chapter uses simple and fun videos that are about five minutes long, plus lesson quizzes and a chapter exam to ensure students learn the essentials of business organization types.

Who's it for?

Anyone who needs help learning or mastering college business material will benefit from taking this course. There is no faster or easier way to learn college business topics. Among those who would benefit are:

  • Students who have fallen behind in understanding business partnership agreements or working with related tax structure and liability
  • Students who struggle with learning disabilities or learning differences, including autism and ADHD
  • Students who prefer multiple ways of learning business content (visual or auditory)
  • Students who have missed class time and need to catch up
  • Students who need an efficient way to learn about types of business organizations
  • Students who struggle to understand their teachers
  • Students who attend schools without extra business learning resources

How it works:

  • Find videos in our course that cover what you need to learn or review.
  • Press play and watch the video lesson.
  • Refer to the video transcripts to reinforce your learning.
  • Test your understanding of each lesson with short quizzes.
  • Verify you're ready by completing the Types of Business Organizations chapter exam.

Why it works:

  • Study Efficiently: Skip what you know, review what you don't.
  • Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
  • Be Ready on Test Day: Use the Types of Business Organizations chapter exam to be prepared.
  • Get Extra Support: Ask our subject-matter experts any types of business organizations question. They're here to help!
  • Study With Flexibility: Watch videos on any web-ready device.

Students will review:

This chapter helps students review the concepts in a Types of Business Organizations unit of a standard college business course. Topics covered include:

  • Sole proprietorship
  • Dissolution and termination of a partnership
  • General and limited partnerships
  • Limited liability partnership or company
  • Tax structure and liability of corporations

29 Lessons in Chapter 23: Types of Business Organizations: Help and Review
Test your knowledge with a 30-question chapter practice test
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.

Ability-to-Pay Principle of Taxation: Theory & Analysis

14. Ability-to-Pay Principle of Taxation: Theory & Analysis

Governments impose taxes to pay for their operations and state services. But how do governments decide how to use a system of taxation to charge taxpayers for those services? One of the most common theories of how people should pay taxes is the ability-to-pay theory of taxation.

Average Tax Rate: Definition & Formula

15. Average Tax Rate: Definition & Formula

Knowing the average tax rate in a progressive tax system is useful in understanding your tax burden. In this lesson, you'll learn about the average tax rate, related concepts, and how to calculate it. A short quiz follows.

Decentralized Organization: Definition &  Chart

16. Decentralized Organization: Definition & Chart

What is a decentralized organization, and why would we want to work for one? In this lesson we'll discuss what it is, how it works, and the advantages and disadvantages of this structure.

Decision-Making Processes in Organizations: Types, Overview

17. Decision-Making Processes in Organizations: Types, Overview

In this lesson we will explore the ways that businesses make decisions. You will also learn about the characteristics of common decision-making processes.

Not-For-Profit Organizations: Types & Examples

18. Not-For-Profit Organizations: Types & Examples

This lesson will give an overview of not-for-profit organizations. The different types of not-for-profit organizations will be given and examples will be explored.

Organizational Commitment: Definition, Theory & Types

19. Organizational Commitment: Definition, Theory & Types

Organizational commitment is important to organizational success. In this lesson, you'll learn about organizational commitment and its underlying theory. You'll also have a chance to take a short quiz after finishing the lesson.

Problem Solving in Organizations: Skills, Steps & Strategies

20. Problem Solving in Organizations: Skills, Steps & Strategies

We all have a variety of problems to solve at work each day. You can learn more about some of the ways that effective managers deal with problems and overcome even the toughest challenges in this lesson.

Progressive Tax System: Definition, Pros & Cons

21. Progressive Tax System: Definition, Pros & Cons

Find out what a progressive tax system is and why the system in the United States is considered progressive. Learn about the debate over tax systems and some of the biggest arguments for and against a progressive tax.

Progressive Tax: Definition, Structure & Example

22. Progressive Tax: Definition, Structure & Example

In this lesson, you'll learn about progressive tax. We'll discuss an example of a progressive tax, income tax. Then we'll explore who collects income tax and the purpose for imposing the tax.

Proportional Tax: Definition & Examples

23. Proportional Tax: Definition & Examples

Have you ever heard someone talking about a flat, or proportional, tax and weren't sure what the person was referring to? Find out what a proportional tax is and learn about some of the benefits it might offer.

Regressive Tax: Definition, Structure & Example

24. Regressive Tax: Definition, Structure & Example

In this lesson, we'll define regressive tax. You'll also learn about some different types of regressive taxes and see how these taxes affect lower and higher income Americans differently.

What Is a Joint Venture? - Definition & Examples

25. What Is a Joint Venture? - Definition & Examples

Joint ventures are common business agreements that individuals and corporations engage in every day. In this lesson, you'll learn about joint ventures and see some examples of how they work. Then you can test your understanding with a short quiz.

What is an Organizational Environment? - Definition & Theory

26. What is an Organizational Environment? - Definition & Theory

An organizational environment is composed of forces or institutions surrounding an organization that affect performance, operations, and resources. Learn more about the definition, importance, and process of organizational environments in this lesson.

What Is an S Corporation? - Definition, Requirements, Advantages & Examples

27. What Is an S Corporation? - Definition, Requirements, Advantages & Examples

This lesson explains what an S corporation is and discusses the advantages of an S corporation. You'll also learn about the requirements of an S corporation and see some examples.

What Is Consideration in Business Law?

28. What Is Consideration in Business Law?

This lesson will teach you what constitutes consideration in business law. Specifically, you will review consideration in contracts and the way in which consideration is treated by the courts. Soon, you will have a thorough understanding of consideration.

What Is the Uniform Commercial Code? - Definition & Example

29. What Is the Uniform Commercial Code? - Definition & Example

After completing this lesson, you will have an understanding of what the Uniform Commercial Code is, its structure and how the Uniform Commercial Code applies to commercial and business transactions.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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