Entrepreneurship can also be classified based on ownership

structure. In this classification, we consider who owns and operates

the business. Here are the types of entrepreneurship based on
ownership:

1. **Individual Entrepreneurship:**
- Involves a single individual who owns and operates the business.
- The entrepreneur assumes full responsibility for the business's
success and bears all the risks.
- Examples include independent freelancers.

2. **Partnership Entrepreneurship:**
- Involves two or more individuals who come together to form and
operate a business.
- Partners share ownership, responsibilities, and profits (or losses)
based on the partnership agreement.
- Examples include general partnerships and limited partnerships.

3. **Family Entrepreneurship:**
- Occurs when a business is owned and operated by members of
the same family.
- Family members often play various roles in the business, and
ownership may be passed down through generations.
- Examples include family-owned restaurants, farms, and small
businesses.

4. **Corporate Entrepreneurship:**
- Involves the creation and development of new ventures within an
existing corporation.
- Employees (intrapreneurs) within the company work on innovative
projects or startups.
- The ownership remains with the parent company.
- Examples include Google's internal incubator, Google X.

5. **Cooperative Entrepreneurship:**
- Involves a group of individuals or businesses that come together
to collectively own and operate a business.
- Profits and decision-making are typically shared among the
cooperative members.
- Examples include agricultural cooperatives, credit unions, and
worker cooperatives.

6. **Public Entrepreneurship:**
 - Occurs when a government entity or a public institution initiates
and manages business ventures.
- The ownership remains with the government or public
organization.
- Examples include state-owned enterprises and government-led
innovation programs.

7. **Joint Venture Entrepreneurship:**

- Involves two or more separate entities, often businesses or
governments, joining forces to create a new business venture.
- Ownership and responsibilities are shared based on the terms of
the joint venture agreement.
- Examples include international collaborations in the energy
industry or infrastructure projects.

8. **Franchise Entrepreneurship:**
- Entrepreneurs buy the rights to operate a business under an
established brand and system.
- While franchisees have ownership of their individual units, they
operate under the franchisor's guidelines.
- Examples include fast-food franchisees like Subway or hotel
franchisees like Marriott.

These ownership-based classifications can help entrepreneurs and

investors understand the structure and dynamics of a business, as
well as the distribution of ownership rights and responsibilities. The
choice of ownership structure can have implications for liability,
decision-making, and access to resources and funding.