By Gustavo Lucio

 This type of ownership is for people who want to make all of their business decisions independently.  This type of ownership has little regulation from the government.  One of the downsides of this type of ownership is that there is a great risk to the owner’s investment.

 This type of ownership is for people who like to work with other people because it is owned by two or more people.  This is where partners share an idea for a business and want to cooperate in managing, investing, and want to share the risks and rewards of the business.

 This type of ownership is a separate legal entity owned by one or more shareholders and managed by a board of directors.  This type of ownership is more difficult to form.  It is also subject to more regulation.  One of the advantages is that investors have limited liabilities.

 This type of ownership is where you avoid double taxation like a partnership or a sole proprietorship and get the limited liabilities of a corporation.  The owners report the taxes on their own personal income tax returns, the LLC is not a taxable entity.  With an LLC the owner or owner’s are not personally liable for any debts if the company

 This type of ownership is where people or firms combine skills and or resources for a complex project.  In here the owners don’t transfer their ownerships but they do share the profits.  It is usually to be more competitive in their market or to get into other markets that they couldn’t get into before.

 This type of ownership is where one or more people purchase or lease the rights to sell a product or service.  Franchises are a good way to start a business because you don’t have to go through the marketing hassle of establishing a brand.  One down side of having a franchise is that you have to share the profits.

 This type of ownership is a corporation that is governed by sub chapter S of the internal revenue code.  Under this code, earnings and taxes are treated at the individual owners level.  This means that taxes are reported through the shareholders own personal income tax returns.

 In this type 0f ownership the profits are used to pursue its goals.  These types of organization are in some countries exempt from paying income and property taxes.  There is really not an owner it is controlled by board members.  These people cannot sell their shares to anyone or benefit from it in any taxable way.

 This is where two or more people or firms come together to share resources.  This is a business that is owned equally by the people who are employed by it and use its services.