The document discusses different types of business structures including sole proprietorships, partnerships, corporations, and cooperatives. Sole proprietorships are owned and run by one individual who takes on unlimited liability. Partnerships involve two or more owners who share risks and profits but also have unlimited liability. Corporations provide limited liability for owners and allow for greater capital, but owners have less control. Private corporations are not publicly traded while public corporations sell stock on exchanges. Cooperatives are owned by their members or workers who each get one vote and share profits based on use.

1. Types of Business

2. Group Name: B
ID Name
161-11-299

3. Sole proprietorship Private corporation
Sole proprietorship advantages Private Corporation advantages
Sole proprietorship disadvantages Private Corporation disadvantages
Partnership Public corporation
Partnership advantages
Partnership disadvantages
Corporation
Corporation advantages
Corporation disadvantages

4. Types of Business
 Sole proprietorship
 Partnership
 Corporation
 Co-operatives

5. Sole proprietorship
 One person
 All profits, all losses
 Create own identity

6. Sole proprietorship advantages
 Ease to starting
 Control
 Take profit and losses
 Tax breaks
 Owner abilities

7. Sole proprietorship disadvantages
 Unlimited liability
 Demands on time
 Lack of stability
 Difficulty in raising capital
 Limitation in managerial ability

8. Partnership
 Two partnership
 General partnership
 Limited partnership

9. Partnership advantages
 Divided risk
 Flexibility of operations
 Larger financial resources
 Legal formalities
 Share decision making

10. Partnership disadvantages
 Unlimited liability
 Share profits
 Partner could disagree
 Friendship can be lost over time as result

11. Corporation
 Legal status
 Can be as small as one person ,or multinational
 Some owned by individual, families, small business
 Ownership often into small units, shares
 Which are sold through a stock exchange
 Those who buy : share holder

12. Corporation advantages
 Limited liability
 Skilled management team
 Greater capital base
 Stability

13. Corporation disadvantages
 Lack of control
 Multiple taxation
 Difficulty and expense of starting
 Government involvement

14. Private corporation
 Only a few people control stock
 Not publicly traded
 Attempts to earn a satisfactory profit

15. Private Corporation advantages
 Limited liability
 Shares are sold to family and friends rises money for the business
 If someone dies it does not take affect of running the business

16. Private Corporation disadvantages
 Have to share there profits by paying dividends to the shareholder
 You can not sell your share on the stock market
 Its quite expensive to set up

17. Public corporation
 Owned and run by the government
 Sell shares to raise money
 1 share = 1 vote
 those with most shares influence company decisions

18. Cooperatives
 Business owned by workers/those who use it
 Run by board of directors
 Each member only gets 1 vote
 Profits shared based on use