Types of Business
JoJo Santos
Partnership
Definition-A partnership is an arrangement in which parties agree to cooperate to advance their mutual interests.
Advantage- helps two companies achieve a common goal
Disadvantages- you may not like the partnership your in
Sole Proprietorship
Definition- Sole proprietorship is a type of business that is owned and run by one individual or one legal person
Advantages- You are the most powerful one in the business
Disadvantages- it is very time and money consuming