Sole proprietorship, Business owned by one person, Partnership, Business owned by two or more, Corporation, Legal entity separate from owners, Cooperative, Member-owned business for mutual benefit, Franchise, Right to use company name, LLC, Limited liability with single taxation, Unlimited liability, Owner is responsible for all losses, Limited liability, Personal assets are protected, Stock, Shares of corporate ownership, Stockholders, Owners who buy corporate shares, Board of directors, Group chosen to make decisions, Double taxation, Corporate income taxed twice, Supply cooperative, Buys inputs in large quantities, Marketing cooperative, Finds buyers for farm products, Service cooperative, Provides specialized services to members

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