Business Ownership

A single person has responsibility

Up to 20 people can be owners.

This type has limited liability

When the owner can have their property used to pay debts the business has.

When the Business is its own legal entity and is responsible for its own debts.

You need to register your finances and name with the government.

A benefit of this is you keep all the profit to yourself.

This type is likely to have the heaviest workload.

This type is more likely to get the interest of investors.

This type of ownership is great if you like to be completely in control.