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Types of Business
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| Sana | 14.05.2024 | | Hajmi | 2,39 Mb. | | #230811 |
Bog'liq SM-50 Xamzayev Lazizjon Types of Business Types of Business SM-50 Group Xamzayev Lazizjon Sole Proprietorship - Definition: A business owned and operated by a single individual. Characteristics: Sole responsibility, full control, limited expansion.
Partnership Definition: A business owned and operated by two or more individuals. Characteristics: Shared responsibility, diverse skills, shared profits/losses. Corporation - Definition: A business recognized as a legal entity separate from its owners.
- Characteristics: Limited liability, complex legal structure, perpetual existence.
Limited Liability Company (LLC) - Definition: A hybrid business structure that combines elements of a corporation and a partnership.
- Characteristics: Limited liability, flexible management, pass-through taxation.
Franchise - Definition: A business arrangement in which an established brand grants rights to an individual or group to operate a business.
- Characteristics: Access to established brand, ongoing support, shared profits with franchisor.
Nonprofit Organization - Definition: An organization formed for purposes other than generating a profit.
- Characteristics: Mission-driven, tax-exempt, reliance on donations/grants.
Cooperative - Definition: A business owned and operated by a group of individuals who work together for their mutual benefit.
- Characteristics: Joint ownership, shared decision-making, equitable distribution of profits.
Online Business/E-commerce - Definition: A business conducted over the internet, selling products or services online.
- Characteristics: Low startup costs, global reach, 24/7 accessibility.
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