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1.02 Types of Business

AB
Adv of Sole Proprietorshipyour own boss
owned by one personsole proprietorship
Partnershipowned by two or more people
Corporationowned by stockholders
FranchiseContract to sell others products
Franchise iesubway
Franchise iedicks sporting goods
Corporation ieNike
adv of Franchiserely on someone elses good name
dis. of partnershipmay get into fight with partner
adv of partnershipsplit starting costs
dis of franchisestrict about what you sell
dis of sole proprietorshippay all start up costs
dis of partnershipsplit profits
dis of corporationgov't regulations


CTE Business Instructor
NC

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