| A | B |
|---|
| Sole Proprietorship | Owned by one person |
| Partnership | Owned by two or more people |
| Franchise | An agreement with a company to sell its products or services in a speific geographi area |
| Corporation | Owned by many people - stockholders |
| Corporation | Must have a corporation charter from the tate in which it is headquartered |
| Partnership | Need a partnership Agreement |
| Franchise | A contract drawn up between parent company and franchisee |
| Sole Proprietorship | An agreement is not needed. |
| Sole Proprietorship | Easy to start |
| Partnership | Relatively easy to start |
| Franchise | Easy to start |
| Corporation | Difficult to start |
| Stockholder | People who invest in a business for the purpose of making money |
| Unlimited Liability | Owner has full responsibility for company's debts |
| Limited Liability | Stockholders can only lose what they have invested. |
