Explain how the new imperialismdiffered from old imperialism. Alsoexplain how imperialism came to beassociated with social Darwinism.
BUS201 Chapter 1 Notes Forms of Business Organization 1. Sole Proprietorship - a business owned by one person a. Simple to set up and gives owner more control b. More favorable tax treatment, but more liable for debt c. Ex: barber shops, law offices, auto repair shops 2. Partnerships - a business owned by two or more persons a. Formed b/c individual does not have enough resources to start/expand business b. Partners bring to table unique skills/resources c. More favorable tax treatment, but more liable for debt d. Ex: retail, service-like business, professional practices (lawyers, doctors, etc) 3. Corporation - a business organized as a separate legal entity owned by stockholders