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Session 6Business Plan Development:Business Description               Powerpoint Presentation by:               RUDOLPH D....
Choosing the Form of Business OrganizationForm of Business Organization3.Sole or Single Proprietorship4.Partnership5.Corpo...
SINGLE PROPRIETORSHIP This is a form of business organization that is owned and usually managed by one person. It is the o...
ADVANTAGES OF SINGLE PROPRIETORSHIP1. Ease and low cost of formation and   dissolution.2. Retention of all profits.3. Inde...
DISADVANTAGES OF SOLE PROPRIETORSHIP 1.   Unlimited Liability 2.   Lack of Stability 3.   Limited access to credit 4.   Li...
PARTNERSHIPIt is an association of two or more persons who act as co-owners of a business.Each partner contributes money...
ADVANTAGES OF PARTNERSHIP1. Easy to organize2. Availability of more   capital and credit.3. Retention of profits4. Better ...
DISADVANTAGES OF PARTNERSHIP1. Unlimited Liability2. Lack of Stability3. Management   Disagreement4. Idle investment
CORPORATIONIt is an artificial being created by operation oflaw, having the right of succession, and thepowers, attributes...
ADVANTAGES OF A CORPORATION1.Limited liability2.Easy to raise capital3.Perpetual life4.Specialized  management
DISADVANTAGES OF A CORPORATION1. Difficult to organize2. Strictly regulated and supervised by   the government3. Some corp...
The COOPERATIVE : An Enterprise for the PoorA duly registered association of persons, with a common bond ofinterest, who h...
TYPES OF COOPERATIVE1.Credit cooperative2.Consumers cooperative3.Producers cooperative4.Marketing cooperatives5.Service co...
Output # 2Business Description  Business Description  Business Background   Proposed Name of the Business and Rational...
REFERENCESEntrepreneurship, Fajardo, Feliciano R.; Capitol Publishing House Inc.       1994
Other Matters Learning Materials and Powerpoint    Lectures are available onlinehttp://rdvonlineclassroom.weebly.com
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  • Transcript of "6 business plan development business description"

    1. 1. Session 6Business Plan Development:Business Description Powerpoint Presentation by: RUDOLPH D. VELASCO Entrepreneurship and Business Planning
    2. 2. Choosing the Form of Business OrganizationForm of Business Organization3.Sole or Single Proprietorship4.Partnership5.Corporation6.Cooperative
    3. 3. SINGLE PROPRIETORSHIP This is a form of business organization that is owned and usually managed by one person. It is the oldest and simplest form of business ownership. The easiest to start. They dominate the retailing, agriculture and service industries.
    4. 4. ADVANTAGES OF SINGLE PROPRIETORSHIP1. Ease and low cost of formation and dissolution.2. Retention of all profits.3. Independence and flexibility.4. Tax advantage and less government regulation
    5. 5. DISADVANTAGES OF SOLE PROPRIETORSHIP 1. Unlimited Liability 2. Lack of Stability 3. Limited access to credit 4. Limited business skills and knowledge
    6. 6. PARTNERSHIPIt is an association of two or more persons who act as co-owners of a business.Each partner contributes money, property or service to their organization.They are usually engaged in accounting, law, advertising, real estate and retailing. TWO TYPES OF PARTNERS General Partners Limited Partners
    7. 7. ADVANTAGES OF PARTNERSHIP1. Easy to organize2. Availability of more capital and credit.3. Retention of profits4. Better business skills and knowledge
    8. 8. DISADVANTAGES OF PARTNERSHIP1. Unlimited Liability2. Lack of Stability3. Management Disagreement4. Idle investment
    9. 9. CORPORATIONIt is an artificial being created by operation oflaw, having the right of succession, and thepowers, attributes and properties expresslyauthorized by law or incident to its existence.Stocks – shares or certificates of ownership ofa corporation.Two types Private or close corporations Open corporations
    10. 10. ADVANTAGES OF A CORPORATION1.Limited liability2.Easy to raise capital3.Perpetual life4.Specialized management
    11. 11. DISADVANTAGES OF A CORPORATION1. Difficult to organize2. Strictly regulated and supervised by the government3. Some corporations are socially irresponsible4. Formal and impersonal employer- employee relationship
    12. 12. The COOPERATIVE : An Enterprise for the PoorA duly registered association of persons, with a common bond ofinterest, who have voluntarily joined together to achieve a lawfulcommon social or economic end, making equitable contributionsto the capital required and accepting a fair share of the risks andbenefits of the undertaking in accordance with universallyaccepted principles of cooperation which include the following2.Open and voluntary membership3.Democratic control4.Limited Interest on capital5.Division of net surplus6.Cooperative education7.Cooperation with other cooperatives
    13. 13. TYPES OF COOPERATIVE1.Credit cooperative2.Consumers cooperative3.Producers cooperative4.Marketing cooperatives5.Service cooperative6.Multi purpose cooperative
    14. 14. Output # 2Business Description Business Description Business Background  Proposed Name of the Business and Rationale  Type of Business Organization  Location of Head Office and Factory
    15. 15. REFERENCESEntrepreneurship, Fajardo, Feliciano R.; Capitol Publishing House Inc. 1994
    16. 16. Other Matters Learning Materials and Powerpoint Lectures are available onlinehttp://rdvonlineclassroom.weebly.com
    17. 17. End of Presentation
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