That amazing Kate what kind of business are you going to run, is it going to be a partnership or solo proprietorship?
Wait...what?...What that?
Hey John, I was think about starting a small business!!!
A Solo Proprietorship is a business owned by one person...
...and a Partnership is owned by two or more individual.
oh....ok......
Ok what kind of corporation are you going to run?
there are different types of corporation that you can run... theres Private, Public, Crown, and Municipal Corporation.
Wait what do you mean by what kind of corporation?
oh wow I guess I didn't think that far ahead.....I think that my business will be a solo proprietor.
And a Crown Corporation is a government run business and a Municipal Corporation is a business that provides services locally.
A Public Corporation raises money by making shares available to everyone......and a Private Corporation is only shared by a few people in the business
Oh wow I guess I have a lot more to think about when it comes to starting my business.
oh really.....
Yeah but don't worry you are on the right track and I can always help out.