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A partnership is an arrangement where parties, known as business partners agree to cooperate and make business together.

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A limited company (LC) is a general term for a type of business organization wherein owners' assets and income are separate and distinct from the company's assets and income—known as limited liability.

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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, for example acting as an agent for a company's products.

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

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A community engaged in economic activity to benefit its members, whose number of members and capital are not been predetermined.

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A merger is an agreement that unites two existing companies into one new company. Mergers and acquisitions are commonly done to expand a company's reach, expand into new segments, or gain market share. One Company will continue working and other companie's resources and liabilities are transferred to one company. It is also possible that start a new business with resources and liabilities.

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Some of partners are only contribute financially and are liable to the extend the amount of money that they have invested to company.

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Private limited companies cannot offer shares to the general public.

Public limited companies (PLCs) can raise capital by offering shares to the general public. This structure is more common for larger, more established businesses.

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+ Brand and customer base
+ Business and marketing support
+ Access to proprietary methods
+ Ongoing research and development

- Initial payout
- Royalty payments
- Limited creativity and flexibility
- Locked into operation by long-term contract
- Dependent on franchisor success

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+ New expertise and combined experience
+ More resources
+ Share risks and costs
+ Temporary and amicable

-  Different working methods and management styles
- Lack of commitment
- Unclear objectives
- Difficult to exit

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+  the law does not impose a minimum capital requirement on a cooperative
+ Equal to all participants

- Credibility in relation to a limited company
- Often lot of members, making decision-making more difficult and slow.

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+ Less accounting and administrative costs
+More efficient Company
+Can produce new products and services
- Less different companies
-Less workplace
- Different companies can cause problems
-Difficult for small companies to compete

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An enterprise which is owned and run by one person.

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An enterprise which is owned and run by one person.

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Sole proprietorship is also known as the individual entrepreneurship or sole trader.

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The owner receives all profits and unlimited responsibility for all debts and losses.

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+ you are your own boss
+ less paperwork
+complete control
+ you can make all decisions
- can't go into business with another person
-personally responsible for debt or legal trouble

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All parties share legal and financial liability equally. The partners are also sharing responsible for debts and profits equally.

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+ Minimising personal liability
+ Tax efficiency and planning
+ Professional status
+ Investment and lending opportunities
- Required to pay a registration fee to incorporate
- Company name is subject to certain restrictions
- More complex and time-consuming accounting requirements

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Gigantti
McDonald's
R-Kioski

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Regenero

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S group in Finland. Including for example S-markets and Prismas.

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Disney and Pixar/Marvel
Google and Android

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Example a single person´s art studio, a local grocery or an IT consultation service.

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General:
+ together in same boat
+ simplified taxes
+workload can be split according to each partners skills
- legal liability
-management issues
- you have to split profits
-you can't make decisions on your own

Limited:
+you have an extra money
+ you have an extra set of hands
+ you benefit from additional knowledge
+you have less financial burden
- them both have same cons
-limited partners don't have much say in decision-making, so no voting rights

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A person sets up a business whose operations require large equipment purchases.

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- Two friends had decided to start a company, they are going to split profits and losses equally. Then a investor wants to invest their company, but he has no voting rights, so he is going to be a silent partner.