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1.Pizza hut
2.McDonald's

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1.Less control over managers
2.Initial cost

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1.Access to better talent
2.Minimal growth risk

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A business in which the owner owns everything from marketing to branding to knowledge.

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1.Pepsi
2.Sony

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1.They cost more
2.Difficult to raise capital

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1.Limited Liability
2.Flexibility of income

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It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

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1.Amazon
2.Google

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1.Double taxation
2.Independent management

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1.Well established
2.Clearly defined roles

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A legal entity that exists from it's owners. In many ways, they can act like people. They can take out loans,sue and get sued,own assets, pay taxs,etc.

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1.Ben & Jerry's
2.Warner Brothers

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1.You have to split profits
2.You'll have disagreements

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1.Extra set of hands
2.Less paperwork

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A partnership is a business started by two or more people who have an equal say in what the business does.

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1.Local grocery store
2.IT consultant

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1.Unlimited liability
2.Difficult to raise money

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1.No corporate taxes
2.Easy to set up, low cost

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A Sole Proprietorship is a business owned by one individual. This one individual is also the only employee of the business.