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ownership - Coggle Diagram
ownership
Partnership
Less responsability
if the bussiness fails you only have to pay a portion of debts
Advantages
dissadvantages
portion of the profit
Owned by 2 or more
franchise
an individual who is licensed to own a building under that coumpanys name
They are limited liability coumpanies
Money comes rom a bank or another lender
They will get the money but will have to pay a percentage to the franchisor
sole trader
It is run by one persone
They dont have limited liability in case something goes wrong
They have barriors to finance
Advantage they get to run the business all by themself
private limited company
owned by shareholders who have certain writes
Directors controll private limited companies
they have limited liabilities