Types of da Business
Sole Proprietorship, Partnership, and Corporate
What are the Types of Business?
The second kind of business is a Partnership, where two or more people go into a business and own it together. This is something that can be bigger, or maybe a family restaurant.
The last kind of business Corporate, which is where a board of directors control a business that is rather big, and usually has something in different steps of their business (they might own a farm where they get produce that they sell to).
Examples in North Carolina
A partnership in NC would be something like Partnership for Children, a company that creates businesses for kids... I mean helps kids grow (and its a partnership...).
A corporate in NC would be something like Village Inn Pizza Corporate Headquarters, which is... the headquarters of the Village Inn Pizza company...
Man.. a lot of these titles are kinda... completely similar to what they do...
The Advantages and Disadvantages of these Businesses
Sole Proprietorship
This can be bad simply do to the fact that it won't last as long as other businesses, and you will have to cover all the legal stuff by yourself (forever alone).
Partnerships
You won't get all of the profits, however, and you could get in a bad fight with your partner... which would make casual friday a whole lot more awkward...
Corporate
Some bad things include possibility losing control of the company, and having to pay more taxes.