1. Sole proprietorship, owned by one individual, is considered the simplest business form.

It is easy
to establish, with few requirements, although the owner would be personally liable for the
debts of the business as it is not a legal entity. Once the owner dies or stops doing business, the
company would no longer exist.
Corporation is the most common form, owned by shareholders. Since it has a legal entity, the
company, instead of the owners, would be responsible for the liabilities of the business. Its
processing, however, undergoes a lot of legal requirements and tends to be pretty costly,
therefore contributing to its complexity. There would be no dissolution involved even if a
shareholder withdraws or dies.
Finally, a partnership, owned by two or more persons, is created when these individuals proceed
to a verbal agreement. Each partner would have to contribute money, property, or industry in
accordance to the agreement. The profit shall be pooled and will be divided among themselves.
Just like in sole proprietorship, the partners are exposed to personal liability, except in cases of
limited partners, whose liability would extend only up to the amount of their contributions. The
partnership will go through dissolution once a partner withdraws or dies.

2. In a universal partnership of property, the property contributed by each partner shall belong to
the partnerships common fund, which shall be divided among themselves, along with the
profits they may have in the future. In universal partnership of profit, on the other hand, the
properties that the partners possess at the time shall remain theirs, except the usufruct, and will
be returned once the partnership undergoes dissolution.
3. Examples

1. Manahan & Arive Auditing Firm

2. Rangel & Co Accounting Firm
3. Tagle & Isidro Hotel
4. Alfonso & Atuan Law firm
5. Chica & Tejada Law Firm
6. Tuliao & Lavilla Real Estate
7. Maria & Angelica Real Estate
8. Stark & Forter Law Firm
9. Nedtran & Madelo Auditing Firm
10. Escoto & Reyes Auditing Firm
11. Eugenio & Martinez Hotel and Casino
12. Villa & Martin Restaurant
13. Ramos & Lan Auditing Firm
14. Gracia & Garcia Law Firm
15. Hernandez & Leona Real Estate
16. Red & Lasian Raiway Company
17. Saboco & Arguilles Law Firm
18. Alinea & Marcelo Auditing Firm
19. Pacart & Jugar Auditing Firm
20. Que & Maglonso Hotel
21. Lacia & Rac Restaurant
22. Macia & Luca Auditing Firm
23. Pitt & Black Real Estate
24. Escalante & Santos Auditing Firm
25. Acilla & Barta Law Firm
26. Garces & Madelo Auditing Firm
27. Manicio & Lacos Real Estate
28. Bago & Reyes Publishing
29. Manalac, Val & Co.
30. W&W Accounting Firm
31. Viser & Rog Accounting Firm
32. Gax & Cran
33. Galanan & Malaran Real Estate
34. Aquino & Lacas Consulting Services
35. Gacci & Ravii Auditing Firm
36. Watson & Holmes Optical
37. M&H Security
38.