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Ways of Carrying on Business

AB
Joint VentureTemporary relationship created to complete one or more business projects
FranchiseRight to operate a business using the name, products, methods and advertising of another business
LicenceContract giving rights of usage from one party to another
Co-operativeBusiness organization owned by members who use or work at the organization
AgencyRelationship between three parties where one party gives legal authority to a second party to act on its behalf with third parties
Sole proprietorshipMethod of carrying on business by one person with no creation of a separate legal entity
PartnershipMethod of carrying on business by two or more people with no creation of a separate legal entity
CorporationMethod of carrying on business using a separate legal entity


Humber Institute of Technology & Advanced Learning

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