Forms of Buniness

Mer som dette

Types of Business - Forms of Ownership

Ved Waleed Khan - Rick Hansen SS (2542)

Types of Business and Forms of Business Ownership By: Abid Istwani, Ayaan Mohammed

Ved AI - 10ML - Rick Hansen SS (2542)

Forms of business ownership mindmap Brandon F

Ved Brandon Fialkow

The E-Myth Revisited by Michael Gerber

Ved Mindomo Team

Forms of Buniness

service

sells services to costumers for peofit

Merchsndising

Add text

Non-profit organizations dont work for a profit

E-commerce an online store that sells goods to costumers

Manufacturing creates and builds their own product then sells it to costumers

buys and then resells goods to constumers

TYPES OF BUSINESS

Co-operative

Co-operatives are community-focused businesses that balance people, planet and profit.

Easier Sources of FinancingCooperative Economy

No Quick Response to Market ChangeDifficulty Finding Additional Needed Funding

Do it Best.Dairy Farmers of America

Franchise

what it is

A franchise is a type of license that grants a franchisee access to a franchisor's proprietary business knowledge, processes, and trademarks, then allowing the franchisee to sell a product or service under the company business name. In exchange for acquiring a franchise, the franchisee usually pays the franchisor an initial start-up fee and annual fee.

A Proven System Help Getting Started

Limited Control and costs

Mcdonalds KFC

Corporation

What is it ?

A corporation is a business that is owned by its shareholders.

personal liability protection, business security

time-consuming subject to double taxation

Sole proprietorships.Limited liability companies

Partnership

What it is?

An unincorporated business structure with two or more parties form and own together parts of the company that is called a partnership

A potential to gain wider access to knowledge and expertise from partners.Infusion of capital is easier than other business structures

Disadvantage

Disagreement Losing a partner

Deloitte,PwC

Sole Proprietorship

What is it?

The sole proprietorship is the simplest and most popular form of ownership. This form of business ownership is designed for a business owned and managed by one individual.

Advantages

Less paperwork to get started.Easier processes and fewer requirements for business taxes.

Disadvantages

Unlimited personal liability.Higher tax burden.

Examples

Bakers Chef