Chapter 5
Upcoming SlideShare
Loading in...5
×
 

Chapter 5

on

  • 1,860 views

 

Statistics

Views

Total Views
1,860
Views on SlideShare
203
Embed Views
1,657

Actions

Likes
0
Downloads
0
Comments
0

1 Embed 1,657

http://www.bvbusiness.com 1657

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Chapter 5 Chapter 5 Presentation Transcript

  • Chapter 5 Business Organization
  • Forms of Business Ownership • Proprietorship • Partnership – Limited Liability Partnership – Joint Venture • Franchise • Corporation – S-corporation – Limited Liability Company – Non-profit Corporation
  • Proprietorship • A business owned and run by just one person. • Easiest to start • Few legal requirements
  • Partnership • A business owned and controlled by two or more people who have entered into a written agreement. • Easy to start • Share investments and profits • Share debt and business failure
  • Limited Liability Partnership • A partnership where an investor cannot lose more than they have invested • No allowed to participate in day-to-day management • Difficult and costly
  • Joint Venture • A unique business organized by two or more other businesses to operate for a limited time for a specific project
  • Corporation • A separate entity formed by documents filed with the state. • Owned by one or more share holders • Managed by a board of directors • Owners invest in the business by purchasing shares of stock • Most legal requirements
  • Corporation
  • S-corporation • Offers limited liability of a corporation • All investment is passed through owners based on their investment
  • Limited Liability Company • Liability protection for owners • Simpler set of organizing and operating requirements than a corporation
  • Non-Profit Corporation • A group of people that join to do some activity that benefits the public. • Raising funds, take donations, etc. • Government approval
  • Franchise • A written contract granting permission to operate a business to sell products and services in a set way. • Company grants rights to a franchisee
  • Examples
  • Jimmy John’s
  • Tippitoesdance.com