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forms and types of business
There are various forms and types of businesses, each with distinct characteristics and legal requirements. A corporation is a legal entity that is separate from its owners, providing them with limited liability.
Firm owned, controlled, and operated by a group of users for their own benefit.
Access Communications
Dairy Farmers
Franchise
It is a business in which the owners, "franchisors", sell the rights to their business logo, name, and model to third party retail outlets, owned by independent, third party operators, called "franchisees".
Pizza Hut
Mcdonalds
Corporation
Firm that meets a certain legal requirement to be organized as having a legal existence as an entity separate from its owners.
Home depot
Adidas
Partnership
A General Partnership is composed of 2 or more persons who agree to contribute money, labor, or skill to a business.
Apple
Microsoft
Sole Proprietorship
A Sole Proprietorship is made of one individual or a married couple in business alone.