5 types of business and forms business ownership

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5 types of business and forms business ownership

5 Forms of business ownership

Co-operative

KFC Pizza hut Subway Dominos Taco bell Dunkin donuts Krispy kreme

A license given to a person or organization by a government agency or business to engage in specific commercial activities

Corporation

Amazon.inc McDonald’s corporation Microsoft corporation General Motors corporation Apple Walmart Costco

A company/group of people authorized to act as a single identity and recognized as such in law

Partnership

A partnership is basically an arrangement between 2 or more people to oversee business operations, they share and split the costs.

Ownership

2 Food chains Law firms Physician groups Real estate Investment firms Accounting groups

A partnership is basically an arrangement between 2 or more people to oversee business operations, they share and split the costs.

Sole Proprietorship

Lemonade stand Cleaning service Marketing services Web development services Influencer marketing Graphic design Book illustration Dance studio Freelance writing business housekeeper

A Sole proprietorship is a business that is owned by one person

5 Types of business

Non-profit

Charities Disease research centers Doctors without borders Unicef

A business that has been granted tax exempt status because it provides a public service or benefit or a social cause

E-Commerce

Amazon E-bay Shopify Plate Crate

Buying and selling goods/services through different electronic networks

Manufacturing

Car companies Clothing companies Shoe companies Makeup companies

A business that produces and sells their own products

Merchandising

Grocery stores Gas stations Retail stores Bookstores

A business that buys and resells products from other businesses

Service

Auto-Mechanics Doctors Hair Stylists Personal trainer

A business that provides a task or services to consumers for a price or fee