Examples of Types of Business Ownership
Characteristics of different Business Ownership
Advantages and Disadvantages
100

This is an example of a Franchise.

What is McDonalds, Tim Hortons, Subway, etc.

100

A business owned by 2 or more people that share the responsibility of running the business.

What is a partnership.

100
This type of business has easy and immediate access to brand recognition.

What is a franchise

200

The best type of ownership for someone who wants to make all of the decisions for their business.

What is a Sole Proprietorship.

200

This type of business is owned by members. 

What is a co-operative.

200

This is a big advantage of having a sole proprietorship

What is being your own boss, not splitting profits, making decisions, easy to start and end, etc

300

Apple is an example of this type of business ownership.

What is a corporation.

300

Before starting this type of business, the owner(s) must meet many requirements including paying all applicable fees.

What is a franchise

300

With this type of business, the owner(s) can write off business expenses on their personal taxes.

What is sole proprietorship

400

A freelance photographer is an example of this type of business ownership.

What is sole proprietorship

400

In Ontario, this type of business ownership has amassed over $19 billion in assets.

What are co-operatives

400

With this type of business, you own a share(s) of the business but have limited influence on decisions.

What is a corporation.

500

The best type of ownership for a business wanting to raise money through many different investors.

What is a corporation.

500

This specific type of business is owned by the provincial or federal Government.

What is a Crown Corporation

500

This type of business has unlimited liability for the owner(s).

What is sole proprietorship.