Cargill is a family-run enterprise, with the Cargill and MacMillan families collectively owning around 90% of its stock. The business has a corporate structure, with a board of directors and many business divisions. Cargill is a privately held firm, yet it is governed by the same rules and laws as publicly traded companies.
An internationally recognized chain of fast food restaurants is McDonald’s. The business is not privately held, though. As a publicly listed business, McDonald’s is owned by investors who can exchange shares on the stock market. The New York Stock Exchange (NYSE) lists the company’s stock there under the ticker “MCD.”
McDonald’s uses a franchise business model, allowing independent entrepreneurs to use its name for their operations. This business strategy helped the company, which now has over 38,000 sites spread across more than 100 countries, expand internationally. In exchange for the right to use the McDonald’s brand and assistance from the company, franchisees pay an initial fee and continuing royalties to McDonald’s.
A type of business ownership where a single person owns and runs the company is known as a sole proprietorship. Sari-sari shops, carinderias, and small retail stores are a few examples of single proprietorship enterprises that are prevalent in the Philippines. These companies frequently have tiny operating budgets and low startup costs.
All aspects of the business, including the finances, operations, and legal compliance, are under the sole proprietor’s control. Although relatively simple to set up, this kind of corporate ownership has hazards. Due to the personal liability of sole proprietors for the debts and obligations of the business, personal assets may be utilised to settle business debts. The company name of McDonald’s is
McDonald’s Corporation is the official name of the firm. Richard and Maurice McDonald began the business in 1940, and billionaire Ray Kroc later acquired it. Since that time, McDonald’s has expanded to become a global fast-food company with locations in more than 100 nations.
Although the phrases “individual” and “sole proprietor” are occasionally used synonymously, they have different meanings. A sole proprietor is a particular kind of business ownership, whereas an individual refers to a single person. An individual who owns and manages a business is known as a sole proprietor. As a result, while all individuals are people, not all people are single proprietors.
In conclusion, McDonald’s is a publicly traded firm that employs a franchising business model, while Cargill is the biggest privately held company in the world. Sari-sari shops and small retail establishments are typical examples of sole proprietorship enterprises in the Philippines. An individual is not the same as a lone proprietor, and McDonald’s corporate name is McDonald’s Corporation.