Presentation on Sole Propeitorship


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Presentation on Sole Propeitorship

  1. 1.  A sole proprietorship, also known as the sole trader or simple a proprietorship , is a type of business entity that is owned and run by the individual in which there is no legal destination between the owner and business  The owner reviews all profits and has unlimited responsibilities for all losses and debits of the business are the proprietors. It is a “sole” proprietorship in contract with partnership Sole Proprietorship
  2. 2.  Easily established  No parties or shareholders  Only pay taxes on income generation.  All after tax profits stays with the owner  Minimal government regulation  Owner’s capability  Owner must bear all costs of setup and maintenance  No others to share burden or add experties  Unlimited liability for debt.  Unlimited liability for malpractice Features
  3. 3.  We profile a few large companies that ware started by sole proprietors Examples
  4. 4. Problem Statement
  5. 5.  A business founder such as Joseph Rotberg would be so emotional about how the company is run and operated because in a family-run - business ,emotion can be extremely powerful. Emotion is important because family-run-business is operated by family members( husband, wives, sons, daughters, sons in law, daughter in law) Emotion helps to minimize flights, arguments, clashes, accusation between the family members Solution to Problem No 1
  6. 6.  No, we think that Nalon Should not work out a transfer-of-ownership plan with his father-in-law. A succession planning is very important in a family owned business because fights, arguments and clashes which are common in a family run business annoy family members mean that efficiency suffers and profit can be los. Soto become a successful in a family run business succession business planning is very important. Solution to Problem No 2
  7. 7.  Nolan has a great value like a group SOB ( Sons of Bosses). The SOB had helped him to deal with his father-in-la. The SOB offered him a set of guidelines which can be useful in preventing harsh, emotional conflict. He can receive clear job responsibilities. Solution to Problem No 3
  8. 8.  Yes, we think that it would be very informative for Joseph Rothberg to attend as a guest, an SOB meeting because it establishes a family council . The SOB improves relationship within families so that members can enjoy the personal benefits of continuing a meaningful tradition which is very important for Joseph Rothberg. Solution to Problem No 4
  9. 9. 1. Family run business operated by family member ( husband, wives, sons, daughters, sons-in-law, daughter-in-law, cousins, aunt, uncle ) 2. Fights, argument and clashes that annoy family member are some major problems of family-run- business 3. Emotion is very powerful in a family run business 4. Many training program, pamphlets and videos are available to solve the problems in a family- run-business 5. We should establish a family council to solve Learning's
  10. 10. SWOT analysis means- strength, weakness, opportunities and threats. In the sole proprietorship the SWOT analysis is :-  Strength 1. Independence of the owner. 2. Applying creativity of the owner  Weakness 1. Unlimited liabilities 2. Can’t be large owing to capital scarcity  Opportunities 1. Easily established 2. Only pay taxes on income generated 3. Minimal government regulation  Threats 1. Can be closed any time 2. Deprived of government provided benefits
  11. 11.  The oldest, the most common form of private business ownership in the United State is the. In a sole proprietorship business owners achieves many advantages such as ease of starting, freely control, sole proprietorship in profits. There are some disadvantages such as unlimited liability, difficulty in raising capital. Despite there problems, sole proprietorship still survives among the large corporations Conclusion
  12. 12. THANK YOU Special Thanks To: All of You Who viewed this Presentation ALL