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Types of Business
Business Definitions
Franchises
Types of Corporations
100
The owner of this type of business gets all the profits.
What is a sole proprietorship?
100
This is the most common form of corporation.
What is a C-Corporation?
100
This franchise is located in every state and had a movie about it called "Super Size Me"
What is McDonald's?
100
This is the most common form of corporation.
What is a C-Corporation?
200
This type of business is easy to secure capital and has the ability to share ideas.
What is a partnership?
200
This corporation is taxed like a sole proprietorship or partnership.
What is a Subchapter S Corporation?
200
This place has 16,850 shops in 40 countries
What is Starbucks?
200
This corporation must show enough taxable profit to cover taxes.
What is a Subchapter S-Corporation?
300
The liability is limited to the amount of investment.
What is a corporation?
300
This type of business is more heavily taxed.
What is a Corporation?
300
This place opened their first store in Connecticut in 1965.
What is Subway?
300
This Corporation is popular with foreign investors and family-owned businesses.
What is a LLC
400
You need to pay the main owner an annual fee.
What is a franchise?
400
This is when two businesses work together for mutual benefit.
What is a strategic alliance
400
This business started in 1958 and is now the world's largest pizza franchise.
What is Pizza Hut?
400
Business that is chartered, or registered, by a state
What is a Corporation?
500
This business has legal entities that make money for reasons other than the owners’ profit.
What is a Non- Profit Corporation?
500
This is when companies join to complete specific project
What is a joint venture?
500
This business was started March 21, 1962.
What is Taco Bell?
500
This Corporation works best with cash businesses – good cash flow.
What is a Subchapter S-Corporation?