118 Outcome: Types of Corporations
What you’ll learn to do: differentiate among the different types of corporations available to business owners (C, S, B)
When you hear the word corporation, what comes to mind? General Motors, Dell, Apple, Nike, WalMart? All of these organizations are in fact corporations, but not all corporations are big businesses, and in fact, not all of them even exist as “for-profit” companies. In this section we will examine three of the most common types of corporations: C Corps, the most common but most complex; S Corps, a small corporation with fewer than one hundred shareholders, and the B Corp or Benefit Corporation, a new form of corporation that allows owners to benefit both society and their shareholders.
LEARNING ACTIVITIES
The learning activities for this section include:
- Reading: Corporations
- Reading: Hybrid Forms of Organization
- Self Check: Types of Corporations
Take time to review and reflect on this activity in order to improve your performance on the assessment for this section.