By: Brayan & Osvaldo

Sole Proprietorship Individual own business when one person runs/owns its on business Little government regulations Great risk for the owner

Partnership The partnership is owned by two or more people Partners share an idea for a business

Cooperation Separate legal entity owned by one or more shareholders and managed by a board of directors More difficult to form Subject to more regulation Limited liability for investors

Cooperative A business owned and operated by its user-members for the purpose of supplying themselves with goods and services

Limited Liability Company A special type of corporation that is taxed as if it were a sole proprietorship or partnership

Franchise A legal agreement between a company and a distributor to sell a product or service under special conditions

S. Corporation An S. Corporation is a special type of corporation created through an IRS tax election

Joint Venture A Joint Venture is an association of two or more entities combining property and expertise to carry out a single business enterprise and having a joint proprietary interest, a joint right to control and a sharing of profits and losses

Non-profit Corporation A non for profit corporation is an incorporated organization created by statute, government or judicial authority and registered at the registry of commence, that is not intended to provide a profit to the owners or members