A | B |
Adv of Sole Proprietorship | your own boss |
owned by one person | sole proprietorship |
Partnership | owned by two or more people |
Corporation | owned by stockholders |
Franchise | Contract to sell others products |
Franchise ie | subway |
Franchise ie | dicks sporting goods |
Corporation ie | Nike |
adv of Franchise | rely on someone elses good name |
dis. of partnership | may get into fight with partner |
adv of partnership | split starting costs |
dis of franchise | strict about what you sell |
dis of sole proprietorship | pay all start up costs |
dis of partnership | split profits |
dis of corporation | gov't regulations |