# data[].attributes.body
type of license that grants a franchisee access to a franchisor's proprietary business, allowing the franchisee to sell a product or service under the franchisor's business name.
Pros:

Can make it easy to secure financing

Less risky then an independent business

Cons:

High start up

Business is not entirely under your control

Ex.
KFC
Burger King

# data[].attributes.body
Structure in the United States where the owners are not liable for the company's debts or liabilities.
Pros:

Can be taxed as a sole proprietor, partnership or corporation

Less paperwork and low filing cost

Cons:

Cannot pay self wages

High renewal fees

Ex.
Pepsi-Cola
eBay

# data[].attributes.body
Where something is run by two people.
Pros:

Extra help

Fewer tax forms

Cons:

Disagreements

Split profits

Ex.
Redbull and GoPro
BMW and Louis Vuitton

# data[].attributes.body
Where something is run by a singular person.
Pros:

Control all of the money

All business operation calls made by person

Cons:

Responsible for 100 percent of all business debts and obligations.

Difficult to arrange long-term financing because they have fewer assets.

Ex.

Financial
Catering companies

# data[].attributes.body
A corporation is a legal thing that is separate from its owners.
Pros:

Can attract investors

Stock

Cons:

Potential tax liability

Time and costs of corporation

Ex.
Amazon
Apple