1. Types of business ownership

2. Advantages to Sole Proprietorship  Keep all profits  Less Expensive  Easier to use

3. Disadvantages to Sole Proprietorship  You can go in Debt.  Rate of failure is high

4. Advantages to Partnership  Shared Profits  Greater borrowing capacity  Your business is Easy to establish

5. Disadvantages to Partnerships  Risk of friction between those companies  Assets can be costly

6. Advantages to corporations  Limited Liability  Separate tax payers 

7. Disadvantages to corporations  Tax consequences  It costs fees to incorporate

8. Advantages to franchises  Low financial risk  Easy to own a business  Certain amount of independence

9. Disadvantages to franchises  Financial fees  Restrictions in to product or services

10. By Logan Young