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ownership types - Coggle Diagram
ownership types
franchise
financed by shareholders
the franchiser and franchisee splits profit
limited liability
you dont get much money
franchisor
you get popularity
the franchise is responsible
their goal could be to make more sales
the franchisee
private limited company
the owner gets profits
only sell shares to people you know
financed by shareholders
they cant take personal belongings
limited liability
the company is responsible for any loss
the owner controls it
there objectives could be to become a public limited company
the owner
soletrader
owner gets all profit
you have to do work by yourself
the owner finances it
unlimited liabiliy
you make all desicions
the owner controls
the owner is responsible for financial loss
only one owner
they may want to have limited liability
partnership
2-20 owners
the owners control it
the disadvantage is splitting profit
advantage is that you dont have to do all the work
the owners split profits
owners are responsible for financial loss
financed by owners
get limited liability could be a goal
liability is unlimited