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  • Introduction 
  •  There are four types of businesses forms which include, Sole Proprietorship,Partnership, Corporation,Franchise and Non-Profit
  • Sole Proprietorship 
  • A Sole Proprietorship is an enterprise owned and run by a single person in which there is no legal distinction between the owner and the business entity an example of this would be a small business such as a single person art studio 
  • Partnership
  • A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. An example of this would be Redbull or GoPro 
  • 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. An example of this would be 7 eleven or adidas. 
  • Franchise 
  • A Franchise is an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products. an example is Subway and Pizza Hut. 
  • Non-Profit 
  • A Non-Profit organization, also known as a non-business entity, is dedicated to furthering a particular social cause or advocating for a shared point of view. An example of this is Boy scouts of America 
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