JP LOGAN Global Entrepreneur Business Network Partnerships:
Together strategically supporting “Turning Your Passions Into Exponential Profits!” Branding your Legacy and simplifying your Passive Wealth Engineering.
JP LOGAN Washington DC Based Wealth and Legacy Innovator. Together with the Global Entrepreneur Business Network, a Venture Capitalist Partnership focused on Passive Wealth Building strategies, Revolutionary Transformational Income Innovations, with a proven track record of producing long term Money Making Franchise-able Concepts, while providing Developmental Support, Branding, and Creative Marketing Strategies with the Serial Entrepreneur in mind. A Force of Business, Economic, and Social Change Agents!
JP LOGAN: Different forms of business ownership:
- Sole proprietorship: A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit.
- The owner may operate the business alone or with other people.
- A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgements against the business.
- All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory, manufacturing equipment and/or retail fixtures, as well as any real property owned by the business.
- Partnership: A partnership is a business owned by two or more people.
- Corporation: The owners of a corporation have limited liability and the business has a separate legal personality from its owners.
- Corporations can be either government owned or privately owned.
- They can organize either for profit or as not-for-profit organizations.
- A privately owned, for-profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and hire its managerial staff.
- A privately owned, for-profit corporation can be either privately held by a small group of individuals, or publicly held, with publicly traded shares listed on a stock exchange.
- Cooperative: Often referred to as a “co-op”,
- a cooperative is a limited liability business that can organize for-profit or not-for-profit.
- A cooperative differs from a corporation in that it has members, not shareholders, and they share decision-making authority.
- Cooperatives are typically classified as either consumer cooperatives or worker cooperatives.
- Cooperatives are fundamental to the ideology of economic democracy.