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Business Organizations - Coggle Diagram
Business Organizations
Sole Proprietorship
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Ex: tutor, IT consultant, landscaper, bookkeeper, home
healthcare provider.
Franchise
1 party grants, for a fee, the right to sell or distribute another party’s product, service, or technology.
Franchise agreement -a license agreement under which the franchisor grants the franchisee the right to use its business model and intellectual property to offer goods, services or technology in a specific geographical location.
Ex: fast food restaurants, hotels, cell phone store.
Joint Venture
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Ex: Comcast, Fox & Walt Disney create Hulu.
Corporation
A business entity having legal authority to act as a “person” distinct from the shareholders who own it.
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Limited Partnership
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Limited Partner
person who contributes capital and shares profits but who cannot manage the business and is liable only for the amount of his/her contribution.