List three business around you .Share details of what the business does and how they run it.
Answers
Explanation:
Sole Proprietorship: The simplest type of business. Sole proprietorships are owned and operated by a single person and are very easy to set up.
Partnership: A business owned by two or more people who share responsibilities and profits.
Limited Partnership: A business partnership, often between business operators and investors.
Corporation: A type of fully-independent business with shareholders. One of the most complex business types.
Limited Liability Company (LLC): A mixture of a partnership and a corporation, designed to make it easier to start small businesses. One of the most popular business types for startups.
Nonprofit Organization: A type of business that uses its profits for charitable purposes. Tax-exempt, but must follow special rules.
Cooperative (Co-op): A business owned and operated for the benefit of the members of the organization that use its services.