Business ownership AND tort review

An unincorporated business entity that is owned by a single person

• SOLE PROPRIETORSHIP

• GENERAL PARTNERSHIP

• LLC

• S-CORP

An agreement between 2 or more individuals who agree to share in the profits, losses, and legal liabilities of a company.

• LLP

• LLC

• GENERAL PARTNERSHIP

• C-CORP

A business structure that limits the personal liability of its members.

• LLC

• LLP

• S-CORP

• C-CORP

A partnership structure registered as a business entity that reduces each partner’s liability to what they have contributed.

• GENERAL PARTNERSHIP

• LLP

• LLC

• S-CORP

A business entity that is set up with shareholders as the owners of the company and elects to have revenues

• S-CORPORATION

• C-CORPORATION

A business entity that is set up with shareholders as the owners of the company.

• S-CORPORATION

• C-CORPORATION

There are _ main types of business ownership structures

Occurs when one person intentionally damages someone else’s contractual or business relationships with a third party causing economic harm.

• Interference with contractual relations

• Fraud

• Stolen Trade Secrets

• Defamation

Intentional or recklessly made misrepresentation of an existing important fact intending to force someone to act.

• FRAUD

• DEFAMATION

• STOLEN TRADE SECRETS

• EMBEZZLEMENT

The theft of funds or property belonging to another individual or entity

• THEFT

• FRAUD

• EMBEZZLEMENT

• DEFAMATION