Businesses

Forms

Sole Proprietorship

A business run by one person, who completely funds and is liable for it.

Corporation

A business that is a separate legal entity to its owners. Owners buy shares in the company instead of funding it completely.

Co-operative

A business that has a main value of democracy; a corporation owned by employees.

Partnership

A business run by at least two people, who completely fund and are liable for it.

Franchise

A business that is trademarked by a franchisor and sold to a franchisee to use the brand name.

Partnership

Types

Sevice

A business that does not deliver a tangible commodity.

Merchandising

A business that sells tangible products.

Non-Profit

Organizations that provide products or services to improve or benefit a community.

Manufacturing

The processing of raw materials or parts into finished goods through the use of tools, human labor, machinery, and chemical processing.

E-Commerce

An business that generates revenue from selling products or services online.

Ecommerce