Forms of Business Ownership

Honelako gehiago

Types & Forms of Business

Raeesa Reza - Fairwind Sr PS (1159)‑k egina

EGI Mind Mapping

nanalisa rasaily‑k egina

Private sector

Hamaadh Insaf‑k egina

Franchise

Walee Herabut‑k egina

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