The seven most common forms of carrying on business in Canada are:
- Sole proprietorship;
- Partnership;
- Co-ownership;
- Corporations;
- Joint ventures;
- Franchises and licenses; and
- Not-for-profit organizations and charities.
Each of these forms of carrying on business has a whole set of different pros, cons and practical implications and consequences. Of the different forms of business organization, a corporation is the most common.
