List types of business organisation's ?

1. Sole proprietorship
2. Partnership
3. Limited liability company (LLC)
4. Corporation
5. Cooperative
6. Franchise
7. Nonprofit organization
8. Joint venture
9. Limited partnership
10. S corporation

Sole Proprietorship

- Owned and operated by a single individual
- No legal separation between the business and the owner
- Owner is personally liable for all debts and obligations

Partnership

- Owned and operated by two or more individuals
- Partners share profits and losses
- Partners are jointly liable for debts and obligations

Limited Liability Company (LLC)

- Hybrid business structure that combines elements of corporations and partnerships
- Owners are not personally liable for debts and obligations
- Profits and losses are passed through to owners
- More flexible than corporations, but less formal than partnerships

Corporation

- Legal entity separate from its owners
- Shareholders own shares of the company and are entitled to dividends
- Limited liability for shareholders
- More complex and regulated than other business structures

Cooperative

- Member-owned and operated business
- Profits are distributed to members based on their patronage or investment
- Members share in the management and decision-making

Nonprofit Organization

- Business that operates without the intent of making a profit
- Focuses on social, charitable, or educational purposes
- Tax-exempt status may be available

Franchise

- Business model where a franchisor grants a franchisee the right to use its name, logo, and operating system
- Franchisees are typically independent business owners who pay fees to the franchisor
- Offers brand recognition and support, but also limits flexibility

Joint Venture

- Temporary partnership between two or more businesses
- Focuses on a specific project or goal
- Profits and losses are shared between the businesses