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  • Intro
  • Types of businesses are Sole Proprietorship, Partnership, Corporation, Franchise, and Non-Profit
  • Sole Propietorship
  • A sole proprietorship is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity. An example would be a local corner store.
  • Partnership
  • A partnership is a legal form of business operation between two or more individuals who share management and profits. An example is ford.
  • Corporation
  • A corporation a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. For example, Microsoft.
  • Franchise
  • A franchise an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities. An example is McDonalds.
  • Non-Profit
  • A nonprofit organization is dedicated to furthering a particular social cause or advocating for a shared point of view. An example is Red Cross
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