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Ownership types - Coggle Diagram
Ownership types
private limited company
owned by shareholders
controlled by board of directors
limited liability
loans/shareholders
idk
business/shareholders keep profits
sole trader
you keep profits
own savings
unlimited liability
you would be responsible
controlled by you
objective is to keep all profit made for youself
owned by you
partnership
bank loans/split bill
objective is units collaborate to achieve organisational objectives
unlimited liability
the partners would be responsible
controlled by partners
owned by the partners
partners
franchise
the franchisor/franchisee
franchisor/banks
limited liability
idk
controlled by the franchisor
owned by franchisor