types of business organization
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Jack and Jil's Interior Design
Interior design firm that offers personal in home services. It is an independent business.
Jeff's Salads and More
Jeff's Salads and More is one of many franchises that serve fresh salad bar options.
Wells Fargo is a financial institution with many locations known as branches.
Sole Proprietorship-Advantages Easy to start Owner is his/her own boss-Disadvantages Owner must pay for everything needed for the business
Franchise is a contractual agreement to sell a company’s products or services in a specific geographic area-Advantages Easy to start-Disadvantages Some franchisors are strict about how the business is run
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