Unlock the Secret Blueprint: Which Type of Business Ownership Will Skyrocket Your Success and Which One Could Tank It?
In simple terms, business ownership covers the legal control and structure of a business, identifying who owns the brand, what percentage they own, and the legal structure they must adhere to.
For many founders, that can seem quite confusing (if not rather boring as well!), but it is something you should be aware of, as each type of business ownership comes with its own pros and cons.
Types of Business Ownership Structures
Sole proprietorship
A sole proprietorship is one of the most commonly chosen options, mainly due to how simple it is to set up. For those working as solo entrepreneurs, this option is a good one as everything is owned by one person.
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