Types of Businesses

Types of Businesses

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  • Sole Proprietorship  Owned by One Person
  • A advantage is its easy to start but hard to pay for the stuff needed. Farming
  • Partnership Owned by One or two People
  • Easy to start but partnership needed to start Car shop
  • Franchise Contractual  Agreement
  • I agree to give you 10% of my business to you. OK i agree. Easy to start but  some franchisers  are strict.
  •                                     Corporation               Owned by many
  • a advantage is that corporation can rise and a disadvantage is that there are taxes 
  • Profit Making Making a profit
  • is goods and services
  • non-profit making to cause need
  • a advantage is that you help someone and a disadvantage is cannot be used financial gain. 
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