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Forms of Businesses - Coggle Diagram
Forms of Businesses
Self Proprietorship
Full Profits/losses on the owner
Very simple to run
The person has to do the funding etc.
Can Add workers if needed
Only One Owner
Cooperation
Everybody has loss/profit
Centralized Management
Everyone can make changes
Large Business
Limited Liability
Cooperative
Everyone can make a change in the company
Hard to manage due to many perspectives
Everyone gets losses/profits
Many people working in the company
Partnership
Unlimited Liability
Contribution
Collaboration with funding
2-20 people in the company
Examples
Amazon
Apple
Microsoft
Example
AMUL
IFFCO
National Cooperative Land Development Banks Federation Limited,
Examples
Hair Salons
Beauty Parlours
Examples
Uber
Spotify
Maruti Suzuki