# data[].attributes.body
Cons
1. Can be pretty expensive depending on the franchise.
2. Less flexibility and independence with a franchise. You are not in control.
Pros
1. Franchises are less risky as other business models since its all set up.
2. They come with pre-made business plans.
Examples
1. Taco Bell
2. McDonald's
Link: https://smartasset.com/career/the-pros-and-cons-of-franchising

# data[].attributes.body
Cons
1. Higher startup cost
2. Self-employment taxes (more taxes)
Pros
1. Protected from liability
2. No additional federal taxes
Examples:
1. Nike
2. Sony
Link: https://learn.g2.com/types-of-business-ownership

# data[].attributes.body
Cons
1. Double taxation in most cases. Once on profits and another on dividends.
2. No tax benefits
Pros
1. Protection from legal liability.
2. Stock options for employees which provides good funding options as well as attracting other investors to invest.
Examples:
1. Walmart
2. Microsoft
Link: https://learn.g2.com/types-of-business-ownership

# data[].attributes.body
Cons
1. Disagreements - You may all not agree on a certain decision which makes running the business hard.
2. Divided profits - profits will be divided among the shareholders and partners.
Pros
1. Low startup cost - More money invested with more people
2. Less work - You can all divide work among yourselves to make things go quicker and smoother.
Examples:
1. Apple started as a partnership.
2. Ben and Jerrys
Link: https://learn.g2.com/types-of-business-ownership

# data[].attributes.body
Cons
1. Hard to raise money - You have no business partners to help invest money and help out.
2. Unlimited Liability - You are responsible if anything goes wrong.
Pros
1. Little to no restrictions - no one to disagree with
2. No additional federal taxes
Examples:
1. Financial Planner
2. Tutoring Service
Link: https://learn.g2.com/types-of-business-ownership

# data[].attributes.body
1. Proprietorship - An unincorporated business in which only one person owns the business and pays income tax on incoming profits.
2. Partnership - A company ran by two or more people in which they operate and share profits of the business.
3. Corporation - A legal entity separate from owners of a business. They operate the business for profit.
4. LLC (Limited Liability Company) - Combination of a corporation, proprietorship and a partnership. The owners are not personally responsible for any debt or liabilities.
5. Franchise - A franchise is a marketing technique in which the business can give its franchise license to a franchisee to take the trademark, and business knowledge to sell the same product with the company being in control of everyone.
Link: https://learn.g2.com/types-of-business-ownership