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  • sole proprietorship                                                   owned by one person 
  • i own a book store and one of the  advantages is that it is easy to start and a  a dis avantges is that i have to pay for everything
  • partnership                 owned by more then one people 
  • We own a auto repair shop and one the advantages is that we share talents and skills with each other 
  • one the  disadvantage is that we  might not get alone 
  • Franchise   is a contractual agreement to sell a company’s products
  • we own a pet shop and one of the advantages is that Franchisee can get needed guidance in operating the business from franchisor
  • one of the disadvantage is that Some franchisers are strict about how the business
  • Corporation  Owned by many people—stockholders, but treated by law as one person
  • we own a dry clears One of the advantages is  Owned by many people—stockholders, but treated by law as one person and a disadvantage  is Corporations are taxed on their profits
  • Profit-making Businesses  (earning more revenue than expenses)
  • i own a movie theater and a advantage is we get money and they get to watch something  and disadvantage is we have to be taxed on it all the time 
  • Non profit-making Businesses Focus on providing a service instead of making a profit
  • I own a church and one advantage is that Usually benefit an organization, cause, need, or a public purpose and a disadvantage is Cannot be run for the financial gain of the members or directors
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