Types of Ownership
Types of ownership refer to the various ways in which property, businesses, or assets can be held by individuals or groups. Common forms include sole proprietorship, where one person owns and operates a business, and partnership, where two or more individuals share ownership and responsibilities. Another type is corporate ownership, where a company is owned by shareholders who invest in the business.
Additionally, there are forms of ownership like joint tenancy, where two or more people own property together with equal rights, and tenancy in common, which allows for shared ownership with different ownership percentages. Each type has its own legal implications and benefits.