Accounting and Finance Foundations

Unit 4

Accounting and Finance Foundations Unit 4: Ownership Structures 288

Ownership Structures

Chapter 11

Student Assignment

Lesson 11.5 Analyzing Types of Business Structures—

Assignment 4

Create a table in Word or Excel for all of the specialized business structures: Limited Partnerships, LLPs,

LLCs, S Corporations, Franchises, Cooperatives, and Non-Profit organizations. Include the following in the

table for each structure:

1. Continuity- What happens if owner leaves or new owner joins the company?


2. Control- What control does the owner hold?


3. Liability- Are personal assets at risk?


4. Taxes- Are there any tax breaks?

Take advantage of all your resources in completing this assignment. Use your binder, the Internet, and

other resources as necessary.

The Kentucky Secretary of State Business Services Division link may be helpful

http://sos.ky.gov/business/filings/entities.htm