Ownership models refer to the various ways in which assets, businesses, or properties can be owned and managed. Common models include sole proprietorship, where one individual owns and operates a business, and partnership, where two or more individuals share ownership and responsibilities. Other models include corporations, which are legal entities owned by shareholders, and cooperatives, where members collectively own and manage the organization for mutual benefit. Each ownership model has its own advantages and disadvantages, affecting aspects like liability, taxation, and decision-making. For instance, sole proprietorships offer complete control but expose the owner to personal liability, while corporations limit personal liability but involve more regulatory requirements. Understanding these models helps individuals and businesses choose the best structure for their needs.