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Big company with lots of employees owned and operated for benefiting those who use its service.Ex: dairy farmers

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A franchise is a business where the owner sells the rights and logo/name Ex: McDonald Burger King Wendys

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When the is a disagreement and splitting the profits

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Business owned by 1 person. Easiest to start Example: Small shops that runs it themself, or

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They are taxed once and they make all final decisions. Lastly they make all profits

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Taxed twice and BOD must approve for access of profit

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A Corporation is more complex and generally larger an established company with multiple employee

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When two people or more join in agreement Example: Steve jobs and Steve wozniak

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The debt is split in half. Easier and less expensive. Work is also split

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Very big, makes lots of money

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They take all debt. It is harder to do work by yourself. It is riskier to start a business on your own.