Depends on how the business is structured.

Sole proprietorship. A sole proprietorship is easy to form and gives you complete control of your business. ...

Partnership. Partnerships are the simplest structure for two or more people to own a business together. ...

Limited liability company (LLC) ...

Corporation. ...

Cooperative.

Give a man a fish and he eats for a day. Give a man a welfare check, a forty ounce malt liquor, a crack pipe, an Obama phone, free health insurance. and some Air Jordan's and he votes Democrat for a lifetime.