Sole proprietorship ⇔ Is the most common form of business organization in the United States
Franchise ⇔ Requires a fee to be paid to a parent company for a business plan
Partnership ⇔ Includes two or more owners who are liable for any business debt
Corporation ⇔ Can be the most complicated and the most expensive type of organization
A cooperative ⇔ Is an organization in which member-owners market their products together
What is a franchise?
A franchise (or franchising) is a method of dispensing services or products related to a franchisor, who establishes the logo's trademark or alternate call and a business machine, and a franchisee, who can pay a royalty and often a preliminary charge for the proper to do commercial enterprise below the franchisor's name and gadget.
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