av Ironbot Ironbot 2 år siden
83
Forms Of Business Ownership
Different forms of business ownership offer unique advantages and challenges. Sole proprietorships allow individuals to be their own boss but come with the burden of unlimited liability.
av Ironbot Ironbot 2 år siden
83
Mer som dette
Individuals who buy shares become owners
The more shares a person owns the more power
Board of directors run the corporation
Limited liability to shareholders
Partners have limited liability in a limited partnership
Working relationship between partners
Members only have one vote regardless of number of shares owned
Profit is distributed according to how much each member spends at the co-operative business
Hybrid ownership
$450,000 fee needed for the franchise fee
Franchisee pays monthly pay to franchiser
Has many responsibilities such as accounting, arrange displays and cleaning
Starting a business and easy and less expensive than other forms of business ownership
The owner is responsible for all the losses and profits
Unlimited Liability
