# data[].attributes.body
A business that gives the right to another person to sell goods or service using their name.

Positive:
1.  Lower failure rate and lower risk.
2. Business assistance.

Negative:
1. Restrictive franchise agreements.
2. Lack of Independence and decisions.

Example:
1. McDonalds
2. Krispy Kreme

# data[].attributes.body
A business with one owner, and is represented by the owner. This type of business is typically more affordable and is easy to form and operate.

Postive:
1.  If the business is successful, the owners income will go up.
2. The owner will get a heavy deduction on tax returns.

Negative
1.  If the business is sued, the owner is sued.
2. Owner is responsible for tax dues.

Examples:
1. Roebuck
2. A&W

# data[].attributes.body
The business has two or more owners. Ownership arrangements are determined and written on a legal document called a partnership agreement.

Postive:
1.  Partnership can hold property and incur debt in its name.
2. Job activities and responsibility distributed.

Negative
1. A partner can be held liable for the acts of other partners.
2. It is not a separate legal entity from its owners.

Examples:
1. GoPro
2. Louis Vuitton

# data[].attributes.body
Combines favorable aspects of the corporation and partnership.

Postive:
1. No restrictions on the number of members allowed.
2. Owners are not personally responsible for business debts and liabilities.

Negative:
1. Typically costs more. Taxes are high, and can end up being payed by owners.
2. Harder to transfer ownership.

Examples:
1. Nike
2. eBay

# data[].attributes.body
A business that is separate from its owners. Corporations can enter contracts, loans, sue, hire employees, pay taxes, and borrow money. It acts under the companies name.

Postive:
1. Business security.
2. Easier access to capital.

Negative:
1. Subject to double taxation.
2. Have to pay employment taxes as an employee of the company.

Examples:
1. Apple Inc.
2. Walmart Inc.