Types & Forms of Business

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Forms

Types

Types & Forms of Business

Co-operative

Groupe Credit Agricole

Stocksy United

Co-operative or “Co-Op” type of organization that is both owned and controlled by members who also use services and products under cooperation

Franchise

Subway

Taco Bell

Franchise, a type of license that a party allows them to have access to a business’s proprietary knowledge, processes and trademark in order to allow party to sell product/provide service under the business’s name

Corporation

Dairy Farms

Grocery Stores

Private business organizations that are owned and controlled by people who use the services or good

Partnership

Louis Vuitton x BMW

Uber x Spotify

An arrangement between two or more parties that operate the business and share the profit among themselves.

Sole Proprietorship

Tutoring

Food Stands

A business where there is one owner and they receive the profiting of income and losses and is taxed. It is the simplest where one can manage a business.

Non-profit

Disadvantage: Will need time and money to start

Advantage: Eligibility for grants

Homeless shelters

Cafes

Organization for charitable purposes

E-Commerce

Disadvantage: usually needing a lot of inventory space

Advantage: no physical company setups

Wish

Amazon

Buying and selling of goods or services using the internet with the transfer of money

Manufacturing

Disadvantage: have to train workers to understand new system

Advantage: smoother production workflow

Kylie cosmetics

Tesla

Making goods with raw materials with hands or machinery to sell

Merchandising

Disadvantage: shortage on staff, as the business grows bigger more able bodied workers must be called in and payed

Advantage: there are increased sales by pricing, display, product packaging and arrangement

Mcdonalds

Walmart

Buying from manufacturers and selling themselves in a retail outlet

Service

Disadvantage: it may take time to convince the buyer that they need the service

Advantage: there is no inventory

Netflix

Uber

A transaction where no physical goods are given/taken