types of business organization

types of business organization

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  • wells fargo
  • Jack and Jil's Interior Design
  • Interior design firm that offers personal in home services. It is an independent business.
  • Jeff's Salads and More
  • Jeff's Salads and More is one of many franchises that serve fresh salad bar options.
  • Wells Fargo is a financial institution with many locations known as branches.
  • Sole Proprietorship-Advantages Easy to start Owner is his/her own boss-Disadvantages Owner must pay for everything needed for the business
  • Franchise is a contractual agreement to sell a company’s products or services in a specific geographic area-Advantages Easy to start-Disadvantages Some franchisors are strict about how the business is run
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