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... of becoming a franchisee? The main advantage of owning a franchise is that there is already a business model in place. Franchisees don’t have to start from scratch. They are taught how to train employees and the product that they sell is already established.
3. Why do people start cooperatives? Cooperatives are started to distribute the profits from the sell of goods amongst a community of individuals who are members of the co-op.
4. Assuming you want to open one of the following new businesses, what form of business ownership would you choose for each business? DVD Rental—sole proprietorship, party planning business—partnership, Furniture manufacturing company—corporation and Online car insurance service—Corporation.


Bibliography
“Choosing a Form of Business” . https://www.legalline.ca/business/businessbody.html
Market House Books Dictionary of British History. Market House Books Ltd 1987

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