ACTG 1P91 Lecture Notes - Lecture 1: Sole Proprietorship

• School: Brock University
• Department: Business - Accounting
• Course: ACTG 1P91
• Professor: Sohyung Kim

Document Summary

Chapter 1 - introduction: types of entity. Municipal government, ex) city of st. catharines. Sole proprietorship [s. p. ](one owner), ex) paul"s lawn care. Partnership [p-ship] (two or more owners), ex) most accounting firms. Corporation (in general, lots of owners: c \o:-cer- Unlimited liability ( "" "" :6 - tt. -"")( c,c,cjl ( co ~ e . Limited liability (all you can lose 1s hm1ted to your mvestment) ( \-0-:vq. ~"("" :> . Chapter i lecture note lg washington oc emergency room 20!8 page i of s t. G. "::fi?i i n a. 3j - - - - - - -. 6bli8-_ - - ~