A type of company that is owned by a single individual, and where the
individual and the business are legally treated as the same.
Limited Liability Company (LLC)
A type of company where owners are not held personally
responsible for the organization's liabilities.
Limited Liability Partnership (LLP)
A type of company where only one of the partners is liable
for the amount invested in the organization and is not accountable for the behavior of the other
A type of company that exists as a separate unit from owners and
shareholders, thereby protecting each individual from liability that exceeds the original
Private Corporation (PC)
A type of company whose shares are not purchased or traded
An organization that reinvests profit into the goals of the company instead of
distributing to owners and shareholders.