Organization Types (SBA Money Smart Series)
The Organizational Types and Other Considerations for a Small Business module provides an overview of business organizational types and is designed to help participants to understand how selecting the correct organizational type can benefit their business.
Identify general characteristics, advantages, and disadvantages of each of these organizational types for small businesses:
• Sole proprietorship
• Partnerships (general partnership, limited partnership and limited liability partnership)
• Limited liability company (LLC)
Looking for help starting or managing your small business? We are teaming up with the SBA District Offices in North and South Dakota to offer Money Smart, a small business management series.
The Money Smart Series for Small Business provides a practical introduction to topics related to starting and managing a business. Developed jointly by SBA and the Federal Deposit Insurance Corporation, the curriculum consists of 13 modules.