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FORMS OF BUSINESS ORGANIZATION
GROUP MEMBERS <ul><li>M. ASHFAQ KHAN (2722) </li></ul><ul><li>DAWOOD KHAN (2764) </li></ul><ul><li>KASHIF REHMAN (2778) </...
CONTENTS <ul><li>SOLE PROPRIETORSHIP </li></ul><ul><li>PARTNERSHIP (general & limited) </li></ul><ul><li>CORPORATION </li>...
SOLE PROPRIETORSHIP <ul><li>A sole proprietorship is a business owned and operated by one individual   </li></ul>
Advantages <ul><li>Easy to start </li></ul><ul><li>No registration </li></ul><ul><li>No profit sharing </li></ul><ul><li>E...
Disadvantages <ul><li>Unlimited liability </li></ul><ul><li>Employee benefits i-e  Medical insurance premiums not deductib...
Partnership <ul><li>A Partnership is a legal relationship formed by the agreement between two or more individuals to carry...
Advantages <ul><li>Relatively easy to start </li></ul><ul><li>The ability to raise funds </li></ul><ul><li>More skilled pe...
Disadvantages <ul><li>Unlimited liability </li></ul><ul><li>Profit sharing </li></ul><ul><li>Conflicts </li></ul><ul><li>L...
Corporation <ul><li>A corporation is defined as a legal entity or structure created under the authority of a state's laws,...
Advantages <ul><li>Limited liability </li></ul><ul><li>Unlimited life </li></ul><ul><li>No loss in absence </li></ul><ul><...
Disadvantages <ul><li>More expensive to form </li></ul><ul><li>More legal formality </li></ul><ul><li>Double taxation </li...
Conclusion <ul><li>The best form of organization is LLC(limited liability company).Its a hybrid form of partnership and co...
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Dawood khan

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Transcript of "Dawood khan"

  1. 1. FORMS OF BUSINESS ORGANIZATION
  2. 2. GROUP MEMBERS <ul><li>M. ASHFAQ KHAN (2722) </li></ul><ul><li>DAWOOD KHAN (2764) </li></ul><ul><li>KASHIF REHMAN (2778) </li></ul>
  3. 3. CONTENTS <ul><li>SOLE PROPRIETORSHIP </li></ul><ul><li>PARTNERSHIP (general & limited) </li></ul><ul><li>CORPORATION </li></ul><ul><li>LIMITED LIABILITY COMPANY </li></ul>
  4. 4. SOLE PROPRIETORSHIP <ul><li>A sole proprietorship is a business owned and operated by one individual </li></ul>
  5. 5. Advantages <ul><li>Easy to start </li></ul><ul><li>No registration </li></ul><ul><li>No profit sharing </li></ul><ul><li>Easy decision-making </li></ul><ul><li>Easy to windup </li></ul><ul><li>Secrets (information about business techniques) </li></ul><ul><li>No corporate taxes </li></ul>
  6. 6. Disadvantages <ul><li>Unlimited liability </li></ul><ul><li>Employee benefits i-e Medical insurance premiums not deductible(taxes) </li></ul><ul><li>Raising funds </li></ul><ul><li>Limited Life </li></ul><ul><li>Loss in absence </li></ul>
  7. 7. Partnership <ul><li>A Partnership is a legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners. </li></ul><ul><li>Types of Partnership: </li></ul><ul><li>General Partnership </li></ul><ul><li>Limited Partnership </li></ul>
  8. 8. Advantages <ul><li>Relatively easy to start </li></ul><ul><li>The ability to raise funds </li></ul><ul><li>More skilled persons </li></ul><ul><li>Loss sharing </li></ul><ul><li>No Loss in absence </li></ul>
  9. 9. Disadvantages <ul><li>Unlimited liability </li></ul><ul><li>Profit sharing </li></ul><ul><li>Conflicts </li></ul><ul><li>Limited life </li></ul><ul><li>Transferability is difficult </li></ul>
  10. 10. Corporation <ul><li>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. </li></ul>
  11. 11. Advantages <ul><li>Limited liability </li></ul><ul><li>Unlimited life </li></ul><ul><li>No loss in absence </li></ul><ul><li>Easier to raise capital </li></ul><ul><li>Fringe benefits are tax deductible </li></ul><ul><li>Easy transferability of ownership </li></ul>
  12. 12. Disadvantages <ul><li>More expensive to form </li></ul><ul><li>More legal formality </li></ul><ul><li>Double taxation </li></ul><ul><li>Agency problems </li></ul><ul><li>Division of profits </li></ul><ul><li>Leaking of business secrets </li></ul>
  13. 13. Conclusion <ul><li>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. </li></ul>
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