Kategoriak: All - franchise - partnerships - liability - corporations

arabera O'Ren Shi Shi Joyce 3 years ago

132

Forms of Business Ownership

Various forms of business ownership offer distinct advantages and disadvantages that cater to different entrepreneurial needs. Cooperatives emphasize shared responsibility and expanded marketing reach but face intense competition and potential corruption.

Forms of Business Ownership

Forms of Business Ownership

Franchise

-Follow all rules exactly -Less control
-Many connections and advertisement -Fast growth

Partnerships

-Potential separation -Disagreements in ideas
-Shared responsibility -More protection

Cooperatives

-Lots of competition -Coruption
-contribution and shared responsibility -Further marketing reach

Corporations

-Double taxation -Lots of protocols to follow
-security and continuity -Liability protection -More perspectives

Sole proprietors

disadvantages
-Risk of wrong decisions -Unlimited liability -Not as much advertisement -Less management
advantages
-Simplified ownership -Fewer registration fees -More freedom and control -Keep the profits

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