5 Types and Forms of Business Ownership

A sole proprietorship is when a single person runs a business, and legally the owner is one with the business.

When two or more 'partners' own and run a business

A group of people that act as a single entity and recognized as such in the law.

A franchise is a legal and commercial relationship between the owner of a trademark, service mark, brand name or advertising symbol and an individual or organization wishing to use that identification in a business.

An autonomous association of people united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.

This doesnt not deliver a physical product but instead does the work for you

Example : Accountant

Example : Bodyguard

This business buys products in bulk from manufacturing companies and sells them.

A type of example would be bulk barn

A type of example would be bulk heaven

This company makes there products from scratch and sells there products to merchandising company's.

Volkswagen is an example they make there own cars and sell it to dealerships.

Apple makes electronics and sells it to stores.

This is a online business that sells its products online

Example : Amazon

Example : Ebay

This is not to make profit this is used for charity or to make money for a certain thing like scientific or religious purposes