5 types of business ownership and 5 forms of business ownership

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5 types of business ownership and 5 forms of business ownership

5 Forms of business ownership

Co operative

Firm owned by a group of people for self benefit example Dairy farmers and access communications

Franchise

When the company makes third party retailers pay for their taxes and etc example MacDonalds and Pizza hut

Corporation

A company owned by a group of people like shareholders example Adidas and 7-11

Partnership

Company owned by 2 or more people example Microsoft and apple

Sole participation

Company owned by a single individual example Walmart and Ebay

5 types of business ownership

E-commerce

A company that makes the customer buy and sell products on their platform example any online store or Kijiji and eBay

Manufacturing

A company that makes products from raw materials and sells it to merchandising companies example Hilcorp and Stryker

Merchandising

A company where it sells already made products to other companies

Service

A company that provides the customer with some sort of job that the customer is willing to pay for example Canadian tire and MrLube

Non profit

A company that helps the environment or a religion without keeping any profit example terry fox foundation and IWK healthcare