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Popular business form because it's easy, simple and for its nominal cost.
An unincorporated business owned by one person who can operate with his/her own name or with fictitious name.
Sole proprietorship has no separate identity under the law.

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At least one partner have unlimited liability and the other partners are subject to limited liability. Limited partners are not involved in the active management of the business and can't lose more money than they have give to the partnership.
+ you don't have to run your business by yourself and there is always have someone to help you
- the decisions are made my both partners.
- profits need to be shared

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Legally distinct entities with their profits and debts.
Shares in a public company can be sold and traded to the general public and shares can be listed on a stock exchange.
Only company type that is allowed to collect capital from public investment.

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Franchise service is in a collaborative model between two companies. For one company it is an opportunity for growth and for another company it is an opportunity to operate.

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A joint venture is a business arrangement in which two or more parties agree to pool their resources to accomplishing a specific task. This task can be a new project or any other business activity.

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Association which has one or more members and which aims to support its member's source of livelihood and social needs through a democratically ran enterprise.

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Two companies merge into one new company. Mergers are usually done to expand new segments, extent, reduce costs and grow market share.
After a merger new company's shares are distributed to both original business shareholders.

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Have at least two members and they establish and run business together. All partners are responsible for the business and have unlimited liability for business debts.
It's easy to establish and easy to dissolve. Also not have to pay income tax.
Each partner are liable for other's actions and personal assets can be seized to cover unpaid debts.

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+ fast and affordable establish
+ does not require a start-up capital
- profits are taxed as income

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Also legally distinct entities with their profits and debts but the personal finances of any shareholders are protected by limited liability. Shares in private companies can't be offered to the general public.

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+  easy and simple to maintain
+ no capital is needed
- responsibilities and losses are personal
- suitable for one person and a small turnover

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+ combined experience and expertise
+ more resources
+ access to new markets
+ shared costs and risks
+ faster business growth
- different working methods and management styles
- difficult to make sure each party contributes the same amount of work and/or resources to the completion of the joint venture

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Sole trader is personally responsible for all debts of the business. Also, all profits go straight to the owner of the business.
Pays personal income tax on profits earned from the business.
Many sole traders end up getting restructured into a limited company as the business grows.

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+ the financier has no liability
- must have a start-up capital

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+ big company gives a large business network
+ the main company gives their support for entrepreneurs

- entrepreneurs don't get much freedom to be creative

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+  the company is responsible, not human
+ does not require a minimum capital
+ all members are equal

-  decision making is slow

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McDonald's
Subway
R-kioski
Musti ja Mirri

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Mehiläinen

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Avainapteekit ja Yhteistyöapteekit.

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S-ryhmä
Osuuspankki