Forms of Business Ownership

Mere som dette

BEST_LDSL718_MINOR_4_SUB-SAHARAN_AFRICA

af Nancy Best

Franchise

af Walee Herabut

BusinessModelCanvas

af Yeounjoon Kim

Implications

af Beth Wallace

Forms of Business Ownership

Franchise

-Follow all rules exactly -Less control

-Many connections and advertisement -Fast growth

Partnerships

-Potential separation -Disagreements in ideas

-Shared responsibility -More protection

Cooperatives

-Lots of competition -Coruption

-contribution and shared responsibility -Further marketing reach

Corporations

-Double taxation -Lots of protocols to follow

-security and continuity -Liability protection -More perspectives

Sole proprietors

disadvantages

-Risk of wrong decisions -Unlimited liability -Not as much advertisement -Less management

advantages

-Simplified ownership -Fewer registration fees -More freedom and control -Keep the profits