9. Types of Business Organizations Leonardo Matarrese @MyPlick Sole Proprietorship Partnership Corporation
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16. “ Partnership Liability” Claims of Creditors Leonardo Matarrese @MyPlick GENERAL PARTNERSHIP General Partner’s Personal Assets General Partner’s Personal Assets Partnership’s Assets
17. “ Partnership Liability” Claims of Creditors 1- 2- Leonardo Matarrese @MyPlick LIMITED PARTNERSHIP General Partner’s Personal Assets Partnership’s Assets Limited Partner’s Personal Assets
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29. “ Corporate Governance Hierarchy” Responsible for corporation’s overall performance Set major policies, report to shareholders, legally responsible for corporate actions Purchase ownership shares, and own the corporation 1- 2- Leonardo Matarrese @MyPlick Officers Board of Directors Stockholders