Business formation/ownership types

Business refers to an entity or a firm that undertakes to buy and sell goods and services intending to profit. Most businesses are privately owned and provide their goods and services in exchange for money, goods, or other services.

There are several forms of business depending on ownership jurisdiction. The primary forms of business include.

Sole proprietorship -This is the most basic business entity owned and run by one individual with the aim of making profit in most cases, the owner operates alone.

A partnership is a form of business owned by two or more people with a maximum of ten people. Partners share all the profits and suffer the losses equally.

Corporation this can be profit or non-profit organizations, mostly owned by a government or a group of individuals, these organizations have a separate legal entity from their owners

Cooperative this business form is a people-centred owned entity. It is controlled and run by its members who join the organization voluntarily to meet their economic and social needs.

Management is the study of the effective and efficient operation of a business—primary functions of management include staffing, controlling, leading, organizing, motivating, and planning.

Emmanuel Addo

Emmanuel Addo is the founder of the Young Global Leaders Network, an international non-governmental organization registered in six (6) countries namely, Ghana, United Kingdom, Nigeria, Sierra Leone, Democratic Republic of Congo, and South Sudan and has a membership strength of over 15,000 young black professionals, students, graduates, and aspiring leaders.

The organization also operates in 25 other African countries. Emmanuel also doubles as the chief convener and founder of the Young African Leaders Summit, one of the largest continental youth summits in Africa.  

Currently works at Kingston University as a Business Engagement Team Member in their Partnerships and Engagement Department. 

He characterizes energy, integrity, result-oriented, and ground-breaking service in each detail of strategic management, change management, stakeholder management, and leadership acquaintances.
Emmanuel owns a core background in Sociology and Psychology from the University of Ghana.

Leveraging his experience as a youth activist and a dynamic young man, Emmanuel founded the Young Global Leaders Network, a youth organization that comprises young diplomats, young politicians, and aspiring politicians, business/entrepreneurial business leaders with the aim of championing a mutual agenda for the African youth and promoting youth participation in governance as well as promoting entrepreneurial culture.
Emmanuel nurtures an environment of teamwork and has expertise in data collection and analysis as well as both quantitative and qualitative methods.

Emmanuel worked as an Associate Lecturer at the London College of Advanced Management where he delivered a wide range of business management courses that involved principles of marketing, leadership, operation management, and research methods. Emmanuel has always maintained high teaching and learning standards to ensure that his students’ stand out in academic achievements and successful progression. As a stout believer and passionate key player in volunteering; Emmanuel creates quality time to giving back gladly to his community what he has learned and to educate individuals with free consultancy on career development. He is a leader anyone would love to look up to and with great integrity, commitment, and passion to make the world a better place.
Emmanuel worked as Qualifications Manager at the Open University in the UK.

Emmanuel is also the founder of Kickstart Innovation Hub Ltd, the entrepreneurial hub of Young Global Leaders Network.