Types And Forms Of Business

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Types of Business and Forms of Business Ownership By: Abid Istwani, Ayaan Mohammed

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Types And Forms Of Business

Types Of Businesses

Non-Profit

Examples Of Non-Profit Businesses

Doctors Without Borders

WWF

American Red Cross

A Non-Profit Business also referred to as a not for profit organization is an incorporated business from which it’s shareholders/trustees do not in any way benefit financially.

E-Commerce

Examples Of E-Commerce Businesses

BirtchBox

TOMS

Warby Parker

The electronic commerce or E -Commerce is a term for a type of business/commercial transaction that involves some sort of information that is being transferred across the internet

Manufacturing

Examples Of Manufacturing Businesses

Boeing

General Motors

Michelin Tires

A manufacturing business is a type of business that uses a variety of components and raw materials to create finished goods. These goods can then be sold to consumers themselves or other manufacturers.

Merchandising

Examples Of Merchandising Businesses

Home Depot

Target

Walmart

The merchandising business is one of the most common types of businesses that we usually interact with on a daily. It is a general business that purchases finished products and resells them to customers/consumers

Service

Examples Of Service Businesses

Car Wash Services

Hair Dressing/Cutting Services

House Cleaning Services

The type of business know as service is a general form of business that offers and provides different types of labor to the general public and consists of a variety of sectors. The Typical Service Business Provides intagible products such as banking, consulting and cleaning

Business Ownership

Co-operative

Worker

Consumer

Examples of Co-operative Businesses

Housing

Firm owned, controlled, and operated by a group of users for their own benefit. Each member contributes equity capital, and shares in the control of the firm on the basis of one-member, one-vote principle

Franchise

Examples of Franchises

H&R Block

Anytime Fitness

Subway

A franchise business is a business owned by an entrepreneur or an entrepreneurial group, offering a product or service labeled by a corporation that provides assistance in every aspect of the business, in return for a combination of a flat fee, plus fees based on profits or sales.

Corporation

Examples of Corporations

Activision Blizzard

Microsoft

Google

A corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual has like loan and borrow money, sue and be sued, hire employees, and pay taxes. Some refer to it as a "legal person."

Partnership

Examples of partnership

Architectural Firm

Medical Practice

Law Firm

A partnership is a business operation between 2 or more people who share management and profits. 2 of the most common partnerships are general and limited partnerships

Sole Proprietorship

Examples of sole proprietorship

Landscaper

House cleaning service

Tutoring

A sole person who owns a business and is personally responsible its debts.