1. • By Avery Trendel

2. •A corporation is a separate legal entity formed
by documents filed with your state.
•It is owned by one or more shareholders and
managed by a board of Directors

3. •A partnership is a business owned and
controlled by two or more people who have
entered into a written agreement

4. •A sole Proprietorship is a business owned
and run by just one person!!!!!

5. •A franchise is a written contract granting
permission to operate a business to sell
products and services in a set way.