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  • Introduction
  • There are 4 main types of business organization: sole proprietorship, partnership, corporation, and Franchise , or non-profit.
  • Sole proprietorship
  • Sole Proprietorship examples include small businesses, such as a single person art studio, a local grocery, or an IT consultation service. The moment you start offering goods and services to others, you form a Sole Proprietorship.
  • 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.
  • Partnership
  • apple and bonne bell are examples of a partnerships
  • A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations.
  • Corporation
  • A corporation is an organization, usually a group of people or a company, authorized to act as a single entity and recognized as such in law. Early incorporated entities were established by charter. Most jurisdictions now allow the creation of new corporations through registration.
  • Target and bank of america are examples.
  • Franchise
  • Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee.
  • Examples are burger king and pizza hut
  • Non-profit
  • Examples are guidestar and foundation center.
  • A nonprofit organization, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is dedicated to furthering a particular social cause or advocating for a shared point of view.
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