PP3

1. FORMS OF ORGANIZATIONS

2. WHY?
AIA

3. SINGLE PROPRIETORSHIP
PARTNERSHIP
ORGANIZATION
UAP

4. An individual conducting a business
SIMPLEST
BURDEN-PAY TAXES & RETAIN RECEIPTS
Separate Business & Personal finances
Death or Retirement
UAP
SINGLE PROP

5. An incorporated assoc. of persons
Legal Entity note separate from Partners
AGREEMENT BETWEEN PERSONS
EACH CONTRIBUTES
MORE PROFIT WITH MORE PEOPLE
POTENTIAL CONFLICT
UAP
PARTNERSHIPS

6. Capital
Responsibility
Duties
Liabilities
Operations & management
Distribution of Profits
Transferability
Admission of New Partners
Resolution Disputes
Dissolution
UAP
PARTNERSHIPS
In w r iting

7. SEPARATE LEGAL ENTITY that can conduct
business
MORE STABLE
MORE GOVERNMENT REGULATIONS
RULED BY CHARTERS & LAWS
CONTROLLED BY THE PROFESSIONS
COMPENSATION- Proportionate to Shares
Taxes
AIA
CORPORATION

8. L e g a l E x p e n s e
P r o f i t
S e l l i n g
L i a b i l i t y
L o a n s
D e c i s i o n s
AIA
SP P
C
F e w
A l l t o O wn e r
E a s y
U n l i m i t e d
D i ff i c u l t
N o t S h a r e d
C h e a p
S h a r e d
A n y t i m e
U n l i m i t e d
M a j o r i t y
Vo t e
C o s t l y
S t o c k s
E a s y
L i m i t e d
E a s y
M a j o r i t y
Vo t e