Sole Proprietorship - Owner is in charge of every aspect of the business, Partnership - Owners share the profit and have a legal agreement, Corporation - Owners are the shareholders, Non-Profit Organization - Purpose is something other than making a profit, Franchise - Small details, procedures, hiring and training systems, etc., of conducting the business are already figured out for you, LLC - Similar to a corporation, this business type protects owners personal assets, like car, house, money, etc.,

Business Organizations 2

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