Forms Of Business Ownership

Different forms of business ownership offer unique advantages and challenges. Sole proprietorships allow individuals to be their own boss but come with the burden of unlimited liability.

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par noman ahamd

par Nohea Belle

par Pioche-Dutheil Otis

par April Lane

Individuals who buy shares become owners

The more shares a person owns the more power

Board of directors run the corporation

Limited liability to shareholders

Partners have limited liability in a limited partnership

Working relationship between partners

Members only have one vote regardless of number of shares owned

Profit is distributed according to how much each member spends at the co-operative business

Hybrid ownership

$450,000 fee needed for the franchise fee

Franchisee pays monthly pay to franchiser

Has many responsibilities such as accounting, arrange displays and cleaning

Starting a business and easy and less expensive than other forms of business ownership

The owner is responsible for all the losses and profits

Unlimited Liability