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Advantages of this business entity: easy to start, you're your own boss, owner keeps all profits
Franchise
Corporation
Sole proprietor
Corporation
Sole proprietor
Partnership
Franchise
Corporation
DisAdvantages of this business entity: share the profit, possible disagreements, contract needed, share unlimited liability
Franchise
Corporation
Sole proprietor
Corporation
Sole proprietor
Partnership
Franchise
Corporation
Advantages of this business entity: Get $$ by selling stock, limited liability
Franchise
Corporation
Sole proprietor
Corporation
Sole proprietor
Partnership
Franchise
Corporation
Which ownership? Examples: Mcdonalds, Ford, Apple, Footlocker
Franchise
Corporation
Sole proprietor
Corporation
Sole proprietor
Partnership
Franchise
Corporation
This business entity is owned by one person
Franchise
Corporation
Sole proprietor
Corporation
Sole proprietor
Partnership
Franchise
Corporation
This business entity is owned by many people----shareholders/stockholders
Franchise
Corporation
Sole proprietor
Corporation
Sole proprietor
Partnership
Franchise
Corporation
Advantages of this business entity: easy to start, can rely on good company's reputation, company will help you
Franchise
Corporation
Sole proprietor
Corporation
Sole proprietor
Partnership
Franchise
Corporation
This business entity is an agreement to sell a company's products and services
Franchise
Corporation
Sole proprietor
Corporation
Sole proprietor
Partnership
Franchise
Corporation
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