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Dawood khan
 

Dawood khan

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    Dawood khan Dawood khan Presentation Transcript

    • FORMS OF BUSINESS ORGANIZATION
    • GROUP MEMBERS
      • M. ASHFAQ KHAN (2722)
      • DAWOOD KHAN (2764)
      • KASHIF REHMAN (2778)
    • CONTENTS
      • SOLE PROPRIETORSHIP
      • PARTNERSHIP (general & limited)
      • CORPORATION
      • LIMITED LIABILITY COMPANY
    • SOLE PROPRIETORSHIP
      • A sole proprietorship is a business owned and operated by one individual
    • Advantages
      • Easy to start
      • No registration
      • No profit sharing
      • Easy decision-making
      • Easy to windup
      • Secrets (information about business techniques)
      • No corporate taxes
    • Disadvantages
      • Unlimited liability
      • Employee benefits i-e Medical insurance premiums not deductible(taxes)
      • Raising funds
      • Limited Life
      • Loss in absence
    • Partnership
      • A Partnership is a legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners.
      • Types of Partnership:
      • General Partnership
      • Limited Partnership
    • Advantages
      • Relatively easy to start
      • The ability to raise funds
      • More skilled persons
      • Loss sharing
      • No Loss in absence
    • Disadvantages
      • Unlimited liability
      • Profit sharing
      • Conflicts
      • Limited life
      • Transferability is difficult
    • Corporation
      • A corporation is defined as a legal entity or structure created under the authority of a state's laws, consisting of a person or group of persons who become shareholders.
    • Advantages
      • Limited liability
      • Unlimited life
      • No loss in absence
      • Easier to raise capital
      • Fringe benefits are tax deductible
      • Easy transferability of ownership
    • Disadvantages
      • More expensive to form
      • More legal formality
      • Double taxation
      • Agency problems
      • Division of profits
      • Leaking of business secrets
    • Conclusion
      • The best form of organization is LLC(limited liability company).Its a hybrid form of partnership and corporation. Positive features of partnership & corporation are combined. i-e Members are having limited liability and for taxation it is treated like partnership.