Business Organzation

Business Organzation

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  • In a Sole Proprietorship, you are your own boss and it is easy to start.
  • Sole Proprieteorship
  • But in a Sole Proprietorship, the owner must pay for everything the business needs.
  • Partnership
  • Partnership Businesses are relatively easy to start.
  • That is true but you and your partner(s) may not get along well.
  • Corporation
  • Corporation can raise money by selling stocks.
  • But Corporations are taxed on their profits.
  • Franchise
  • Franchise are very easy to start.
  • But they are limited in what products or services can be sold.
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