Forms & Types

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Types and Forms of Businesses

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5 TYPES AND FORMS OF BUSINESS OWNERSHIP

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Forms & Types

Co-operation

A Co-operative business is a business where it's owned by those who either work for it, served by it, or both

Consumer cooperatives

Housing cooperatives

Franchise

A Franchise is a business between a franchisor and a franchisee

KFC

McDonald's

Corporation

A Corporation business is a business that is it’s own separate legal entity

Apple inc.

IKEA

Partnership

A partnership business is a business that is owned by 2 or more parties

BMW & Louis Vuitton

Spotify & Uber

Sole Proprietorship

A sole proprietorship is a business that is owned by one individual

Tutors

Photographers

Examples

Non-Profit

SubNon-Profit organizations are not charities, they operate exclusively for social welfare without making profitopic

Artscape

American Red Cross

E-Commerce

E-Commerce business is the exchange of goods and services through the internet

Vovo et Margot

Aspect home

Manufacturing

A business that produces and sells its own products

Shoe brands

Automobile companies

Merchandising

A business that buys products from other businesses and resells them

Gas stations

Grocery stores

Examples:

Service

A service type businesses is when a person does an act that you pay for

Resturants

Squeaky cleaning

Examples: