Ownership types refer to the different ways individuals or groups can hold rights to property or assets. The most common types include sole ownership, where one person has complete control, and joint ownership, where two or more people share rights and responsibilities. Each type has its own legal implications and benefits, affecting how decisions are made and how profits or losses are shared. Another important ownership type is corporate ownership, where a company is owned by shareholders. This structure allows for the pooling of resources and spreading of risk. Understanding these ownership types is crucial for making informed decisions about investments and property management.