How entrepreneurial are you?

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Question

Rob and Ineke own a butchery together. The mall in which their shop is situated decides to accept a new supermarket with a butchery. Because of this, their revenue declines and their company files bankruptcy. Rob and Ineke have to sell their house to pay off their debts.

What organization form is this?

1. Sole proprietorship
2. General partnership
3. LLC
4. Corporation

Is this a production company, a trading company or a service company?

Sole Propriertorship

General Partnership

Limited Liability Company

Corporation

owners are stockholders

Stocks are not tradeable

owners are stockholders

Stocks are  tradeable

One owner

Personally liable

More owners

Each personally liable

Natural person

Legal body

Fixed assets

Working capital

Current assets

Properties that are used longer than a year

Properties that are used shorter than a year

Liquid assets