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You have to follow strict rules on how to run the business
Franchise
Sole Proprietorship
Franchise
Corporation
Partnership
Corporation
Franchise
Partnership
Has limited liability (cannot be sued for everything), is taxed, and government monitors closely
Franchise
Sole Proprietorship
Franchise
Corporation
Partnership
Corporation
Franchise
Partnership
Owned by two or more people
Franchise
Sole Proprietorship
Franchise
Corporation
Partnership
Corporation
Franchise
Partnership
Owned by stockholders and treated by the law as its own entity
Franchise
Sole Proprietorship
Franchise
Corporation
Partnership
Corporation
Franchise
Partnership
The easiest type of business to start but has unlimited liability (can be sued for everything)
Franchise
Sole Proprietorship
Franchise
Corporation
Partnership
Corporation
Franchise
Partnership
Taco Bell and Blockbuster would be two examples of this type of business
Franchise
Sole Proprietorship
Franchise
Corporation
Partnership
Corporation
Franchise
Partnership
Contractual agreement between the parent company and the business operator to sell a company's products or services in a specific geographic area
Franchise
Sole Proprietorship
Franchise
Corporation
Partnership
Corporation
Franchise
Partnership
Must share the profits and the risks equally
Franchise
Sole Proprietorship
Franchise
Corporation
Partnership
Corporation
Franchise
Partnership
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