Simplest form of business ownership, but has unlimited liability.
Owned by two or more individuals who share profits and liabilities.
Offers personal liability protection and flexible management structure.
Separate legal entity from its owners with limited liability, but requires more formalities and taxes.
Pass-through taxation for up to 100 shareholders and limited liability protection.
Owned and controlled by its members, who share profits and decision-making.
Exists to serve a social or charitable purpose and is tax-exempt.
Business model in which the franchisee pays for the right to use the franchisor's brand and systems.
Partnership between two or more businesses to achieve a specific goal or project.
Owned by shareholders who can buy and sell stock on a public exchange.