Business Organizations

a business owned and managed by a single individual

• Sole Proprietorship

• Corporation

• Cooperative

• Nonprofit Organization

a business organization owned by two or more persons who agree on a specific division of responsibilities and profits

• Partnership

• Business Franchise

• Sole Proprietorship

• Corporation

a legal entity owned by individual stockholders

• Cooperative

• Business Franchise

• Corporation

• Partnership

a semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area

• Sole Proprietorship

• Business Franchise

• Cooperative

• Nonprofit Organization

a business organization owned and operated by a group of individuals for their mutual benefit

• Business Franchise

• Corporation

• Nonprofit Organization

• Cooperative

institution that functions much like a business, but does not operate for the purpose of generating profits

• Nonprofit Organization

• Business Franchise

• Sole Proprietorship

• Cooperative