# data[].attributes.body
definition: is a type of an unincorporated entity that is owned by one individual only
2 positive: Easy and inexpensive process and Taxed only once
2 negatives:Unlimited liability of the owner and Limitations on capital raising
2 examples: local grocy stores and freelance writer
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# data[].attributes.body
definition:A legal form of business operation between two or more individuals who share management and profits
2 positive:Taxation and Division of labor
2 negatives:Conflict with other bussines partner and Lower percentage of the profit
2 examples: Apple & MasterCard. and Taco Bell & Doritos
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# data[].attributes.body
definition:is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit
2 positive:Personal liability protection and Access to capital
2 negatives:Lengthy application process and Double taxation
2 examples: Google and Amazon
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# data[].attributes.body
definition:a business structure in the United States whereby the owners are not personally liable for the company's debts or liabilities.
2 positive:Limited Liability and Management Flexibility
2 negatives:Self-Employment Tax and Consequence of member turnover
2 examples: sony and eBay
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# data[].attributes.body
definition:an arrangement in which a company sells another business the right to sell its products or services in return for payment
2 positive: come with a ready-made business plan and Marketing Support
2 negatives:less flexibility with a franchise and high start-up costs
2 examples: Subway and Mcdonald's
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