This is an example of a Franchise.
What is McDonalds, Tim Hortons, Subway, etc.
A business owned by 2 or more people that share the responsibility of running the business.
What is a partnership.
What is a franchise
The best type of ownership for someone who wants to make all of the decisions for their business.
What is a Sole Proprietorship.
This type of business is owned by members.
What is a co-operative.
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
Apple is an example of this type of business ownership.
What is a corporation.
Before starting this type of business, the owner(s) must meet many requirements including paying all applicable fees.
What is a franchise
With this type of business, the owner(s) can write off business expenses on their personal taxes.
What is sole proprietorship
A freelance photographer is an example of this type of business ownership.
What is sole proprietorship
In Ontario, this type of business ownership has amassed over $19 billion in assets.
What are co-operatives
With this type of business, you own a share(s) of the business but have limited influence on decisions.
What is a corporation.
The best type of ownership for a business wanting to raise money through many different investors.
What is a corporation.
This specific type of business is owned by the provincial or federal Government.
What is a Crown Corporation
This type of business has unlimited liability for the owner(s).
What is sole proprietorship.