Aspects of Business

Service Business

When a business offers help or work in return for an agreed payment.

Merchandising Business

Merchandisers are businesses that purchase an inventory of items and sell them to consumers.

Manufacturing Business

Merchandisers are businesses that purchase an inventory of items and sell them to consumers.

E-commerce

A business that conducts transactions digitally (over the internet specifically).

Non-profit

A business formed for the greater good of nature, education, religion, etc.

Sole Proprietorship

A sole proprietorship is a business owned by a single person or a married couple. They report their income and profit losses on their tax returns. The owner of the business is responsible for the company's legal obligations and debts.

Partnership

A business operation shared between two people. Profits and management are shared between the two owners.

Franchise

The owners (franchisors) sell the rights to their business to third party operators (franchisees).

Co-Operative

A private business owned and operated by the people who purchase its products or services.

Corporation

A business operation that declares it’s business a separate legal entity operated by a board of directors