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ownership types - Coggle Diagram
ownership types
partnership
2) 2 or more people
1) the many owners
3) liability is unlimited
4) investors and the owners
5) owners spit the profit
6) liability is unlimited so all loses are tracked back to the owner(s)
7) easy to mannage
8) all owners
9) to make enough money for all owners/workers to have a stable income
franchise
1) the franchisee
2) the franchisor
3) liability is limited
4) shareholders and customers
5) the franchisor and employes
6) more people to manage
7) more money and recognition
8) the business
9) to offer services/products
private limited company
1) the owner
2) the owner
3) liability is limited
4) the business/private shareholders
5) the owner
6) harder to manage
7) no liability is tracked back to the owner
8) the business
9) to provide services
sole trader
9) to offer services
8) the sole trader
7) all profits are kept to the trader
6) only one person managing and doing things
5) the sole trader
4) offering services
3) liability is unlimited
2) the sole trader
1) the sole trader