Types of Businesses

A business owned by one person

• Sole Proprietorship
• Franchise
• General Partnership
• Corporation

A business owned by an individual but operates through a license agreement with a larger business

• Sole Proprietorship
• Franchise
• General Partnership
• Corporation

A business owned by two or more people where both partners are involved equally.

• Sole Proprietorship
• Limited Partnership
• General Partnership
• Corporation

A business owned by two or more people where each partner operates separate portions of the business.

• Sole Proprietorship
• Limited Partnership
• General Partnership
• Corporation

The easiest business form for raising capital

• Sole Proprietorship
• Limited Partnership
• General Partnership
• Corporation

The hardest business form for raising capital

• Sole Proprietorship
• Limited Partnership
• General Partnership
• Corporation

This business has a disconnect between owners and managers.

• Sole Proprietorship
• Limited Partnership
• General Partnership
• Corporation

This business has the greatest likelihood of conflict between owners.

• Sole Proprietorship
• Franchise
• Partnership
• Corporation

This business form has unlimited life

• Sole Proprietorship
• Limited Partnership
• General Partnership
• Corporation

The business exists only as long as the only owner allows it to.

• Sole Proprietorship
• Limited Partnership
• General Partnership
• Corporation