Entrepreneurs and Business Ownership Homework
Entrepreneurs and Business Ownership Homework

Entrepreneurs and Business Ownership Homework

Lead Author(s): Lumen Learning, Linda Williams

Source: Lumen Learning

Student Price: Free with Top Hat Pro Subscription

A discussion assignment centered around types of business ownership structures.

Entrepreneurs and Business Ownership Homework

Part 1: Preparation

Although sole proprietorships are the most common form of ownership, the majority of Americans work for corporations. Between sole proprietorship and corporation, there is a range of options: partnership, LLC, LLP, benefit corporation (B corp), S corporation, C corporation, and then a range of not-for-profit and nonprofit structures. Each form of ownership has its advantages and disadvantages, but ultimately the business owner must choose.

Part 2: For Discussion


What if YOU were a business owner and you needed to select a legal form of ownership. What form of ownership would you choose?


What would YOU take into consideration if YOU were the owner and needed to select from the ownership options available?

Part 3: Respond to Classmates’ Posts


After you have created your initial post, look over the discussion posts of your classmates and give at least two thoughtful responses to two different classmates (one per classmate) as outlined in the Discussion Grading Rubric.

A response posting should be a minimum of one short paragraph. Word totals for these posts should be in the 75–100-word range. Whether you agree or disagree, explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate. The goal of your response posts is to extend discussions already taking place or pose new possibilities or opinions not previously voiced. Your goal should be to motivate the group discussion and present a creative approach to the topic.

Discussion: Entrepreneurs and Business Ownership. Authored by: Linda Williams and Lumen Learning. License: CC BY: Attribution