![]() ![]() Company limited by guarantee is Commonly used where companies are formed for non-commercial purposes, such as clubs or charities.One out of twelve retail businesses in the United States are franchised and 8 million people are employed in a franchised business. Franchising in the United States is widespread and is a major economic powerhouse. A franchise is a system in which entrepreneurs purchase the rights to open and run a business from a larger corporation.In contrast, a general partnership or persons working on their own are usually not as protected. ![]() Limited liability companies (LLC), and other specific types of business organization protect their owners or shareholders from business failure by doing business under a separate legal entity with certain legal protections.Cooperatives are fundamental to the ideology of economic democracy. ![]() Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. A cooperative differs from a corporation in that it has members, not shareholders, and they share decision-making authority.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |