New stadiums are no Study guides, Class notes & Summaries

1. (p. 114) The corporation is the most common form of business ownership. 2. (p. 114) The three major forms of business ownership in the U.S. are sole proprietorships, partnerships, and corpor ations. 3. (p. 114) Few people today start their own business. 4. (p. 115) Once a business is established, it's almost impossible to change from one form of business ownership to another. 5. (p. 114) When two or more people legally agree to become co-owners of a business, the form of business is called a...