In the 4th week as well, I've learned about types of business ownership.  This is also the first time I've heard and learned.  We were also assigned a group assignment to prepare presentations based on the groups given by the lecturers.  A question and answer session was also held during the presentation.  There are many benefits that have come to us during this presentation.  Such activities should be done more often as students build higher confidence in themselves while also enhancing their understanding of learning entrepreneurship.

What I've learned in this subtopic is there are four popular types of business ownerships for an entrepreneur to choose from, sole proprietorship, partnership, private limited company and public limited company.  A sole proprietorship is an attractive form of legal status for a new business.  A partnership refers to a business owned by at least two or more individuals but not exceeding the maximum number of 20 persons.  In a general partnership, all partners have unlimited liabilities for the debts of the business.  In a limited partnership, some of the partners have limited liabilities, they share the firms profit or losses but do not take an active role in managing the company.  That's a bit of my understanding of what I've learned about this subtopic.

On the whole, this subtopic enhances the existing entrepreneurial knowledge of all students and helps students understand more clearly.