5 Types/Forms of business

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5 Types/Forms of business

Co-operative

A co-operative is a business or organization run by the people who work for it, or owned by the people who use it. These people share it’s benefits and profits.

Alvarado Street Bakery

Black Star Co-op Pub and Brewery.

Franchise

A business that allows a “franchisee” to start a business by legally using the expertise, ideas, and processes of the franchisor.

Popeyes

Mcdonalds

Tim Horton’s

Corporation

A form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors

Amazon

Partnership

The type of business in which two or more people pool money, resources and skills, and share profits and losses.

Ben & Jerry’s

Microsoft

Google

Twitter

Sole Proprietorship

The type of business which is owned by one person and unincorporated

Tutoring services

Financial planners

Freelance writers

Non-Profit

Examples: Doctor without borders and the Red Cross

A non-profit business, formed for religious, charitable, literary, artistic, scientific, or educational purposes. It is an incorporated business from which its shareholders or trustees do not benefit financially.

Service

Examples: Barber Shop and Car repair shop

A service business is a company that provides certain professional support to its clients.topic

Merchandising

Examples: Walmart and Target

A commercial enterprise dedicated to the purchase of finished goods and their resale for a profit.

Manufacturing

Examples: Weston Bakeries

A manufacturing business is any business that uses components, parts or raw materials to make a finished good. These finished goods can be sold directly to consumers or to other manufacturing businesses that use them for making a different product.

E-Commerce

Examples: ShopMrBeast.com, Ebay

E-Commerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.