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Types of Business Organizations and Examples

Learn about the different types of business organizations, such as proprietorship, partnership, corporation, multinational business, non-profit organization, and franchise, and explore examples for each.

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Types of Business Organizations and Examples

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  1. Business Firms

  2. Proprietorship • A business that has 1 Owner

  3. Partnership • A business organization where there are 2 or more owners

  4. Corporation • Organization of people that are legally bound together by a charter to conduct some type of business • Owned by stockholders

  5. Multinational Business • A business that sells and produces in multiple countries • Examples?

  6. Non-Profit Organization • An organization that does not have profit as its objective • Examples?

  7. Franchise • A contract between a parent company (franchiser) & some other business or individual (franchisee) that details the terms under which the franchisee does business with products, names, or other services of the franchiser

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