Open Disk Utilities.
Select the drive NOT a partition underneath the drive.
Select the Partition tab.
Under the Partition Layout, remove the partition you currently have using the '-' sign. Click Apply
Then add the partition
Select the format type (Mac OS Extended Journaled)
Click the Options button under the partition and choose the GUID radio button. Click Apply
I was able to accomplish the above procedure. When I "get info" on the volume, I see the "Ignore ownership on this volume" checkbox is checked. When I try to uncheck it, the checkbox reverts to the "checked" state after a split second. I can't uncheck it. My account does have admin priviledges. Very frustrating.
Try the following commands from Terminal (/Applications/Terminal) to find the identifier of the volume then change the option. Here's the link that discussed the commands.
$ diskutil list
#: TYPE NAME SIZE IDENTIFIER
0: Disk Image *41.0 MB disk2
$ sudo diskutil enableOwnership disk2
File system user/group ownership enabled
Thanks! This worked with one small alteration. As pointed out in the answer further down in the link you provided, you must also specify the slice for the disk, e.g., "disk2s2", which the "diskutil list" command will display.