Presentation on business

1. ENTREPRENEURSHIP
AND LEGAL ASPECTS
NAME : Bhavana.K
MBA 2nd sem
SUBJECT CODE : 20MBA25
DATE OF ASSIGNMENT : 29/09/2022
SUBMITTED TO : NAGARAJAN SIR.

2. *MEANING OF BUSINESS ORGANISATIONS
*DEFFIRENT KINDS OF BUSINESS
ORGANISATIONS

3. MEANING OF BUSINESS ORGANISATIONS
Business organisation is defined as an entity which is structured for the
purpose of carrying on the commercial system of enterprise.
OR in other words,
A business organisation is an establishment intended to carry commercial
business by producing goods or services and meet the customers’ needs. Most of
the organisations have a standard such as social structure, purpose goals,
utilisation of resources, rules and regulations, etc.

4. KINDS OF BUSINESS ORGANISATIONS
• Your company’s form will affect
• How you are taxed
• Your legal liability
• Costs of formation
• Operational costs
• There are 4 main types of business organization: sole proprietorship, partnership,
corporation, and Limited Liability Company, or LLC. Below, we give an explanation of
each of these and how they are used in the scope of

5. • Sole Proprietorship
The simplest and most common form of business ownership, sole proprietorship is
a business owned and run by someone for their own benefit. The business’
existence is entirely dependent on the owner’s decisions, so when the owner dies,
so does the business.
Ex: Beauty parlour, barbershop, general store and sweet shop run by a single
owner.

6. • Partnership
• These come in two types: general and limited. In general partnerships, both owners invest their
money, property, labor, etc. to the business and are both 100% liable for business debts. In
other words, even if you invest a little into a general partnership, you are still potentially
responsiblefor all its debt. General partnerships do not require a formal agreement—
partnershipscan be verbal or even implied between the two business owners.
• Ex: Red Bull and GoPro.
• Spotify and Uber.
• Levi’s & Pinterest.
• Maruti Suzuki.
• Hindustan Petroleum

7. • Corporation
• Corporations are, for tax purposes, separate entities and are considered a legal
person. This means, among other things, that the profits generated by a corporation
are taxed as the “personal income” of the company. Then, any income distributed to
the shareholders as dividends or profits are taxed again as the personal income of
the owners.
• Example :1 – Google. Google is an American multinational company that is also an
internet giant and the most popular search engine all over the world. …
• Ex:2 – Amazon,
• Ex:3-Microsoft,
• Ex:4 – General Motors.

8. • Limited Liability Company (LLC)
• Similar to a limited partnership, an LLC provides owners with limited liability
while providing some of the income advantages of a partnership. Essentially,
the advantages of partnerships and corporations are combined in an LLC,
mitigating some of the disadvantages of each.
• Ex: IBM, Sony, Pepsi-Cola, Nike, Blackberry, and eBay are some of the famous
LLC in the world.

9. THANK YOU