There are various forms of business structures, each with distinct characteristics and examples. Corporations are recognized as legal entities separate from their employees, with notable examples including 7-Eleven and Coca-Cola Company.
A business owned by the workers or the members who buy the products or use the services that the business can offer. Th emotive for operating a Co-Operative is for service, not profit
Corporations
7-Eleven
Coca-Cola Company
A business granted with legal status with rights, privileges, and liabilities that are different from those who work for the business. Corporations come in all sizes, both big and small.
Partnerships
Hewlett Packard
Warner Bros.
A business operated by two or more individuals who want to share the costs and responsibilities.
Franhcises
Uber
Tim Hortons
One business licenses the rights to its name, operating procedure, designs, and business expertise to another business, the franchisee.
Sole Proprietorship
Examples
Foreign Professionals of Canada (FPC)
MESH
A business owned by one person( proprietor). Owner owns all equipment and might own the building. Uses their own money to run their business.
