When a business is registered with the government, there are several different entity types they can choose to register under. Each has its own advantages and disadvantages and each handles its accounting a little differently. In this short video we will explore some of the basic differences between a sole proprietorship, partnership, and corporation.
This video was created in relation to the Utah State CTE standards for the Accounting I High School course. Specifically, this video prepares students to complete Strand 1, Standard 3: Identify and explain business structures.
