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It is an unincorporated business owned and run by one individual with no distinction between the business and the owner.

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Easy and inexpensive to form:

Complete control.

Simplified tax preparation.

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Unlimited personal liability.

Hard to raise money.

Heavy burden.

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Housecleaning Service

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A partnership is a single business where two or more people share ownership.

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Easy and Inexpensive.

Shared Financial Commitment.

Complementary Skills.

Partnership Incentives for Employees.

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Joint and Individual Liability.

Disagreements Among Partners.

Shared Profits.

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Real Estate

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"Choose Your Business Structure | The U.S. Small Business Administration." Small Business Administration. N.p., n.d. Web. 23 May 2017.

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A corporation (sometimes referred to as a C corporation) is an independent legal entity owned by shareholders. This means that the corporation itself, not the shareholders that own it, is held legally liable for the actions and debts the business incurs.

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Limited Liability.

Ability to Generate Capital.

Corporate Tax Treatment.

Attractive to Potential Employees.

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Time and Money.

Double Taxing.

Additional Paperwork.

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Microsoft Corporation

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A cooperative is a business or organization owned by and operated for the benefit of those using its services. Profits and earnings generated by the cooperative are distributed among the members, also known as user-owners.

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Less Taxation.

Funding Opportunities.

Reduce Costs and Improve Products and Services.

Perpetual Existence.

Democratic Organization.

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Obtaining Capital through Investors.

Lack of Membership and Participation.

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Dairy Farmers

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An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.

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No full responsibility for failure.

Higher rate of success.

Easiest to finance.

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You can’t change anything:

Parent company has strict rules, send part of profit to parent company pay monthly fee to parent company

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Fast-food restaurants