Mindmap - Types of Business and Forms of Business Ownership
Sole Proprietorship
A sole proprietorship is a business that is owned by one person. It is the easiest way to run a business.
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Partnership
Nike has a partnership with amazon and nike products are sold on amazon's e-commerce site and are sold by third party sellers through amazon
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Poparide
When you and a partner use your business skills to run a business
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Corporation
the form its owners choose will affect the company's and owners' legal liability and income tax treatment.
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Franchise
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Business Services
Its form of business that provides different types of goods in different business sections
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Merchandising
Type of business that buys products at a higher price but sells the product at retail price
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Manufacturing
Business that uses parts or raw material to make a finished product
Cami Automotive
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E-Commerce
Buying or selling of products or services by using the internet
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Non-Profit
A Business that you do not need to pay tax formed for different
