Question
Asked Aug 21, 2019
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Which form of business ownership is best for a start-up coming?

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Expert Answer

Step 1

Any activity that generates profits by selling goods or services to the customers (and earning revenue) is called as business.

Step 2

The different types of business ownerships are:
i)Sole proprietorship
ii)Partnerships
iii)Corporations
iv)Cooperatives

Step 3

i) Sole proprietorship: This is a very old form of business ownership. In this case a single person owns, manages a business and takes all the business decisions. The sole busin...

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