Online College Courses for Credit

4 Tutorials that teach Businesses and Organizations
Take your pick:
Businesses and Organizations

Businesses and Organizations

Author: Kevin Bullock

In this lesson, the student will learn about legal and tax entities in accounting.

See More
Fast, Free College Credit

Developing Effective Teams

Let's Ride
*No strings attached. This college course is 100% free and is worth 1 semester credit.

29 Sophia partners guarantee credit transfer.

312 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 27 of Sophia’s online courses. Many different colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.


Notes on "Businesses and Organizations"


Terms to Know

Sole Proprietor

Structure whereby the individual owner and the company are indistinguishable with regard to tax and liability.


Limited Liability Company is a structure whereby partners are not responsible on a personal level for the organization's liabilities.


Limited Liability Partnership establishes the framework of two or more partners form a company, one of whom is only liable for the amount invested in the organization and not accountable for the other partner's impropriety.


A company that exists as a separate unit from owners and shareholders, thereby protecting each individual from liability that exceeds the original investment.

Private Corporation

A company whose shares are not purchased or traded publicly to investors and consumers.


An organization that reinvests profit into the goals of the company instead of distributing to owners and shareholders.