Business

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  • Sole Proprietorship Owned by one person
  • I own a book store. The owner gets to keep all the profits, but owner must pay of everthing needed for the busienss.
  • Partnership Owned by two or more people 
  • A partnership is easy to start, easier to capital but there is dis advantages like not getting along with your partner, and must share profits
  • Franchise
  • Easy to start but franchise must operate like every other franchise 
  • Corporation
  • We are Nike  Corporations are taxed on their profits but also  corporations can raise money by selling stock 
  • Profit-Making-Business 
  • my business motive is making a profit (earning more revenue than expenses)
  • Non Profit Making
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