Forms Of Business

by: Autumn Brown

Sole Proprietorship

Sole proprietorship are individuals who want to work and make decisions independently other words without a partnership.

advantages & disadvantages

A: Little government regulation

D: Great risk for the owner

partnership


The partnership is owned and controlled by two or more people.

Partners share an idea for a business.

Partners want to cooperate in managing and investing, and want to share the risks and rewards of the business.

advantages & disadvantages

A: share the risks , have more ideas than just one person.

D: sharing reward, cooperation

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corporation

Separate legal entity owned by one or more shareholders and managed by a board of directors.

A: more ideas

D:more difficult top form, subjected to more regulations,Limited liability for investors

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franchise

A franchise is a business system in which private entrepreneurs purchase the rights to open and run a location of a larger company.
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