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FOCUS QUESTIONS FOR THIS SECTION

  • What is a corporation?

  • What is the difference between a private and a public corporation?

  • How is a corporation structured?

  • What are the major forms of business ownership and how do they differ?

Entrepreneurship

Section 5: Public and Private Corporations

SECTION DESCRIPTION
In these lessons, students will explore ways a business can organize. The exploration includes explaining the differences between sole proprietorship, partnership, and corporation. Students will also examine the process of moving from a private to a public corporation and will conclude by creating a timeline of relevant events within a corporation.

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LESSON OBJECTIVES

  • Define corporation, sole proprietorship, and partnership.

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LESSON OBJECTIVE

  • Explain the difference between public and private corporations.

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LESSON OBJECTIVES

  • Compare sole proprietorships and partnerships to private and public corporations.

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 LESSON OBJECTIVES

  • Examine the process of a private corporation becoming a public corporation and whether it was warranted or not.

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LESSON OBJECTIVES

  • Represent a timeline of relevant events within a corporation.

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