Intro to Business › Section D · Forms of business ownership › Topic D.4
Specialized forms: LLCs, cooperatives, and more
Between the sole proprietorship and the classic corporation sits a family of hybrid and special-purpose forms. The limited liability company has become the default choice for many new firms, while cooperatives, joint ventures and benefit corporations serve owners whose goals are not simply profit for investors.
In this topic
- Beyond the three classic forms
- The limited liability company
- How LLCs are taxed
- Worked example: choosing a form
- Cooperatives
- Worked example: a patronage refund
- Cooperative principles
- Joint ventures
- Benefit corporations
- Common mistakes to avoid
- Key takeaways
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