What type of business entity is Starbucks? | Homework.Study.com (2024)

Question:

What type of business entity is Starbucks?

Business Entity:

A business entity refers to an organization created by one or more persons with an aim to engage in business dealings. Business entities are of various types, such as sole proprietorship, corporations, and partnerships. A business entity determines how the business will be taxed and its structure.

Answer and Explanation:

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Starbucks is a corporation. This is because it's a legal entity separate from its owners with the power to conduct business and own property....

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What type of business entity is Starbucks? | Homework.Study.com (2024)
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