1) The document discusses different forms of business organization including sole proprietorships, partnerships, corporations, franchises, and mergers and acquisitions. It provides details on the advantages and disadvantages of each form.
2) Corporations are the most common form of large businesses due to limited liability and ability to raise capital through stock sales. However, corporations face double taxation and more regulations.
3) Franchising continues to grow in importance as it allows business owners to leverage an existing brand without starting from scratch. Franchising provides both opportunities and restrictions for franchisors and franchisees.
This document provides an overview of different forms of business organization including sole proprietorships, partnerships, corporations, franchises, and mergers and acquisitions. It discusses the advantages and disadvantages of each form. Specifically, it notes that sole proprietorships provide maximum control but sole liability, while partnerships share liability but also profits. Corporations provide limited liability but are more complex and expensive to form. Franchises allow use of proven systems but with less control. Mergers and acquisitions can provide growth opportunities but also regulatory scrutiny. Overall, the document serves as an introduction to evaluating different organizational structures for businesses.
The document is a presentation on the fundamentals of investing. It discusses key investing concepts like savings vs investments, common investment tools like bonds, stocks, real estate, mutual funds and their risks and returns. It emphasizes the importance of diversification across different asset classes to reduce risk. It also covers stock market crashes and the benefits of long term investing in index funds for consistent returns. The presentation aims to educate on basic financial planning strategies and building an investment portfolio.
This document provides an overview of different sections in a chapter on business organizations. The sections include forms of business organization, business growth and expansion, and nonprofit organizations. Key points covered are the different types of business entities like sole proprietorships, partnerships, and corporations; how businesses can grow through reinvestment of profits or mergers; and examples of nonprofit organizations.
Edited routes of entry to an optometric enterprise 2Monkey!
The document discusses various routes of entry for starting an optometric business, including different business entity structures like sole proprietorship, partnership, and private limited company. It also covers alternative entry modes such as joint ventures, strategic alliances, franchising, and acquisition. Key factors to consider when choosing an entry route include ability to obtain financing, liability, taxes, and regulatory requirements.
Forms of business ownership for grade 10 learnersDillyn Mokoena
This power point slide is mainly about the different forms of ownership and it focuses mainly on the Sole proprietorship, Partnerships And Corporations. As these forms of ownership are distinctive from one another as their different characteristics are highlighted in the form of their advantages and disadvantages with a brief disruption of each form of ownership. As it is evident that all enterprises are somehow different, this may be in size ,scope or diversification, what ever the distinction the basis remain that each business function in at least three major activities namely, production,marketing and finance which is more elaborated on in the power point presentation. In the world of business risk are almost inevitable and and affects an enterprise internal as well as external, therefor organisations should take cognizance of not only managing risk but most importantly preventing it, but this gets more difficult as organisations are more in control in what is in their business or environment as apposed to external factors. There are also multiple reasons why businesses fail , this too is addressed in the power point presentation. Lastly this power is reproduced from a number of sources that serves as a backbone for my viewpoint, these sources is available in the last slide of this presentation.
The document discusses different types of companies, including proprietorships, partnerships, and limited companies. It provides details on what defines each type of company, how they are established, similarities and differences between them, and their advantages and disadvantages. Specifically, it notes that proprietorships are sole owned businesses, partnerships involve two or more owners, and limited companies are legally registered entities that can sell shares of stock to raise capital.
The document discusses different types of corporate ownership structures. It explains that a corporate structure separates the business as a distinct legal entity from its owners. It then describes some key features of corporate ownership including shareholders' rights, liability protection for owners, and that corporations can exist indefinitely unlike other business types. The document also outlines different types of corporations like S corporations and LLCs, and how they can be structured. It discusses important decisions around choosing a corporate structure and taxation implications. Finally, it briefly touches on the differences between public and private limited companies.
This document provides an overview of different forms of business organizations under Indian law. It discusses private enterprises such as sole proprietorships, partnerships, joint stock companies, and Hindu Undivided Families. It then covers cooperatives and their definition and types. Finally, it examines public sector enterprises and types of public sector organizations. The document includes details on the characteristics, advantages, and disadvantages of each form of business organization. It provides a comprehensive yet concise introduction to the legal aspects and types of businesses in India.
This document provides an overview of different forms of business organization including sole proprietorships, partnerships, corporations, franchises, and mergers and acquisitions. It discusses the advantages and disadvantages of each form. Specifically, it notes that sole proprietorships provide maximum control but sole liability, while partnerships share liability but also profits. Corporations provide limited liability but are more complex and expensive to form. Franchises allow use of proven systems but with less control. Mergers and acquisitions can provide growth opportunities but also regulatory scrutiny. Overall, the document serves as an introduction to evaluating different organizational structures for businesses.
The document is a presentation on the fundamentals of investing. It discusses key investing concepts like savings vs investments, common investment tools like bonds, stocks, real estate, mutual funds and their risks and returns. It emphasizes the importance of diversification across different asset classes to reduce risk. It also covers stock market crashes and the benefits of long term investing in index funds for consistent returns. The presentation aims to educate on basic financial planning strategies and building an investment portfolio.
This document provides an overview of different sections in a chapter on business organizations. The sections include forms of business organization, business growth and expansion, and nonprofit organizations. Key points covered are the different types of business entities like sole proprietorships, partnerships, and corporations; how businesses can grow through reinvestment of profits or mergers; and examples of nonprofit organizations.
Edited routes of entry to an optometric enterprise 2Monkey!
The document discusses various routes of entry for starting an optometric business, including different business entity structures like sole proprietorship, partnership, and private limited company. It also covers alternative entry modes such as joint ventures, strategic alliances, franchising, and acquisition. Key factors to consider when choosing an entry route include ability to obtain financing, liability, taxes, and regulatory requirements.
Forms of business ownership for grade 10 learnersDillyn Mokoena
This power point slide is mainly about the different forms of ownership and it focuses mainly on the Sole proprietorship, Partnerships And Corporations. As these forms of ownership are distinctive from one another as their different characteristics are highlighted in the form of their advantages and disadvantages with a brief disruption of each form of ownership. As it is evident that all enterprises are somehow different, this may be in size ,scope or diversification, what ever the distinction the basis remain that each business function in at least three major activities namely, production,marketing and finance which is more elaborated on in the power point presentation. In the world of business risk are almost inevitable and and affects an enterprise internal as well as external, therefor organisations should take cognizance of not only managing risk but most importantly preventing it, but this gets more difficult as organisations are more in control in what is in their business or environment as apposed to external factors. There are also multiple reasons why businesses fail , this too is addressed in the power point presentation. Lastly this power is reproduced from a number of sources that serves as a backbone for my viewpoint, these sources is available in the last slide of this presentation.
The document discusses different types of companies, including proprietorships, partnerships, and limited companies. It provides details on what defines each type of company, how they are established, similarities and differences between them, and their advantages and disadvantages. Specifically, it notes that proprietorships are sole owned businesses, partnerships involve two or more owners, and limited companies are legally registered entities that can sell shares of stock to raise capital.
The document discusses different types of corporate ownership structures. It explains that a corporate structure separates the business as a distinct legal entity from its owners. It then describes some key features of corporate ownership including shareholders' rights, liability protection for owners, and that corporations can exist indefinitely unlike other business types. The document also outlines different types of corporations like S corporations and LLCs, and how they can be structured. It discusses important decisions around choosing a corporate structure and taxation implications. Finally, it briefly touches on the differences between public and private limited companies.
This document provides an overview of different forms of business organizations under Indian law. It discusses private enterprises such as sole proprietorships, partnerships, joint stock companies, and Hindu Undivided Families. It then covers cooperatives and their definition and types. Finally, it examines public sector enterprises and types of public sector organizations. The document includes details on the characteristics, advantages, and disadvantages of each form of business organization. It provides a comprehensive yet concise introduction to the legal aspects and types of businesses in India.
1. A business is an organization that offers goods and services in exchange for money. Businesses have key functions like production, marketing, financing, managing human resources, and research and development.
2. There are three main categories of businesses: sole proprietorships, partnerships, and limited companies. A sole proprietorship is owned and run by one person who has unlimited liability. Partnerships are owned and managed by two or more people who share profits and responsibilities.
3. A partnership agreement jointly shares decision making. Partners have unlimited liability and must share profits. While partnerships have more access to financing than sole proprietorships, they also have to share profits.
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, franchises, cooperatives, and non-profits. Sole proprietorships are owned and managed by one individual and make up about 6% of businesses in the US. Partnerships are owned by two or more individuals who share responsibility and liability. Corporations are legally separate entities from their owners and can sell ownership shares to raise capital.
This chapter discusses different types of business organizations including sole proprietorships, partnerships, corporations, cooperatives, nonprofits, and franchises. Sole proprietorships are owned by one person who has unlimited liability, while partnerships are owned by multiple people who share risks and rewards. Corporations are registered with a state and provide owners with limited liability but are more expensive to start up and pay double taxation. Cooperatives are owned and operated by members to save money on purchases. Nonprofits focus on service over profit and do not pay taxes. Franchises allow businesses to use another company's name and products through contractual agreements.
This document discusses different types of business ownership structures including sole proprietorships, partnerships, corporations, non-profit corporations, and limited liability companies. It provides key details about each: sole proprietors own and operate the business themselves and take on full liability; partnerships have two or more owners who share decisions and liability; corporations protect owners from liability but are subject to double taxation; non-profits must serve religious, charity, or public purposes; and LLCs combine partnership flexibility with corporate liability protection and tax benefits. The document also outlines standard techniques to assess internal and external business environments including PEST, SWOT, and Porter's Five Forces analyses.
The document provides information on types of business ownership and factors to consider when setting up a business. It discusses sole proprietorships, partnerships, corporations, and not-for-profit corporations. For each type of ownership, it outlines advantages and disadvantages as well as legal structures and considerations. The document also covers business ethics and the internal and external factors that make up a business's environment.
This unit focuses on planning a new business by writing a business plan and presenting it in a professional format. Students will need to understand the importance of research in their assignments. The document discusses different business ownership structures like sole trader, partnership, private limited company, public limited company, and social enterprise. It explains the key features, advantages, and disadvantages of each to help students choose the most appropriate format for their business.
The Very Basics: Forming the Business (Series: The Start-Up/Forming the Busin...Financial Poise
So, you are an entrepreneur and want to start your own business (or you are an attorney, accountant, or other professional advisor working with one). One of the first decisions required is to choose a legal structure for the business and the jurisdiction of entity organization. What factors should be taken into consideration prior to selecting a legal structure and jurisdiction? Does a sole proprietorship, partnership, limited liability company or corporation (C- or S-corp) make the most sense? This webinar focuses on business formation and the pros and cons to the different legal structures, and includes tips on how to keep one’s personal assets safe from the claims of future creditors of the business.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/the-very-basics-forming-the-business-2021/
Are you searching on the internet for which types of business forms are suitable for you, and make it big internationally in the future? Well, you're in the right spot! Today, I'll help you understand all you need to know about setting up a new business. There are some important things to keep in mind when registering your business, and I'll break them down for you. Let's make this journey simple and exciting!
In India, businesses can be of different types, each with its own good and not-so-good parts. There's the simplest one called sole proprietorship, great for small businesses. Then there are partnerships where a bunch of people share the good and bad stuff together.
LLPs are cool because they give some protection to the partners, and private limited companies also do that for the people who own shares, but there are some rules. Public limited companies can get money from the public through the stock market. Each type has rules you need to follow, and these rules affect how businesses work and make decisions.
There are several types of business organizations and structures that were discussed in the document, including sole proprietorships, partnerships, joint stock companies, cooperatives, government companies, public corporations, departmental undertakings, joint sector organizations, and voluntary/third sector groups. The key characteristics and features of each type were explained to help identify and compare different business structures.
This document outlines different types of business organizations including sole proprietorships, partnerships, corporations, and cooperatives. It discusses the key advantages and disadvantages of each organizational structure and legal registration requirements. The types of partnerships, corporation advantages like limited liability, and cooperative principles are defined. The document provides an overview of important considerations for selecting the optimal organizational vehicle for a business.
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, cooperatives, and types of businesses according to their activities. A sole proprietorship is owned and run by one individual who owns the business' assets and profits but also assumes its liabilities. Partnerships involve two or more owners who contribute resources and share responsibilities under an agreement. Corporations are legally separate entities from their owners whose shares represent ownership. Cooperatives are associations that are democratically owned and controlled by their members. The document also defines service, merchandising, and manufacturing businesses according to whether they provide intangible products, buy and resell tangible goods, or transform raw materials through production.
The document discusses different forms of business organization according to ownership. It defines sole proprietorship, partnership, corporation, and limited liability company (LLC). For each form of organization, it provides the key advantages and disadvantages. Sole proprietorship offers total flexibility but the owner is fully liable for debts. Partnerships allow for shared resources but each partner is fully liable. Corporations limit owner liability but involve more complex paperwork. LLCs combine advantages of partnerships and corporations while mitigating some disadvantages.
Types of Business According to ActivitiesLourdes Eyo
Here are three potential businesses in the community and the type of business organization they could have:
1. A small bakery that currently has one owner. It could be organized as a sole proprietorship as it only has one owner currently.
2. A medical clinic that has three doctors working together in the practice. It could be organized as a partnership so that the doctors can share ownership and profits of the business.
3. A large supermarket that has many employees and stockholders. It could be organized as a corporation to allow for ownership shares to be divided among multiple stockholders and provide liability protection.
There are three main forms of business ownership: sole proprietorships, partnerships, and corporations. Sole proprietorships are owned by one person and have unlimited liability but are easy to start. Partnerships are owned by multiple people who share risks, rewards, and unlimited liability. Corporations are owned by shareholders, have limited liability, but more legal requirements. Other options include franchises, cooperatives, and nonprofits. Businesses can also be classified by their activities such as producers, processors, manufacturers, distributors, wholesalers, retailers, and service providers.
There are three main forms of business ownership: sole proprietorships, partnerships, and corporations. Sole proprietorships are owned by one person and have unlimited liability but are easy to start. Partnerships are owned by multiple people who share risks and rewards but also have unlimited liability. Corporations are owned by shareholders, have limited liability, but are more complex to start and regulate. Other forms include franchises, cooperatives, and nonprofits. Businesses can also be classified by their activities such as producers, processors, manufacturers, distributors, and service providers.
Business Structure, Nature and Models.pptxirenebernadas1
This document discusses different types of business structures, the nature of businesses, and common business models. It describes sole proprietorships, partnerships, limited liability companies, corporations, and cooperatives as the main business structures. The nature of businesses can include merchandising, services, agriculture, manufacturing, and hybrid models. Common business models mentioned are manufacturer, distributor, retailer, franchise, bricks and mortar, e-commerce, bricks and clicks, freemium to premium, subscription/membership, dropshipping, network marketing, and crowdsourcing.
This document provides an overview of sole proprietorships and partnerships as forms of business organization. It discusses the key features and advantages/disadvantages of sole proprietorships, including that they have no separate legal identity from the owner and unlimited liability. The document then covers various aspects of partnerships such as types of partners, how partnerships are taxed, and importance of partnership agreements. Famous businesses that began as sole proprietorships like Marriott, Sears, and JC Penney are also mentioned.
This document outlines three basic types of business ownership - sole proprietorships, partnerships, and corporations. It describes the key characteristics of each type including advantages and disadvantages. For sole proprietorships, it notes they are the most common but offer unlimited liability. Partnerships allow for shared decision-making but may lead to disagreements. Corporations offer limited liability but have higher start-up costs and regulations. The document also briefly discusses other options like buying an existing business, franchises, or family businesses.
Pillay Ronal Anthony Roll no;79 assignment 1.pdffiweif
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, and cooperatives. It covers the key characteristics of each type of business organization such as sole proprietorships being owned by one individual, partnerships having two or more owners who share profits and liability, corporations being legally separate entities from their owners with transferable shares, and cooperatives being jointly-owned organizations that provide services to their members. The document also compares the advantages and disadvantages of each type of business organization and factors to consider when choosing between them such as capital requirements, liability, and tax implications.
The key factors for food truck businesses to consider when choosing a location are whether permits or permission are required, what the costs are to park, if there are enough potential customers in the foot traffic, and what hours will provide the most customers given any location restrictions. Successful locations tend to be in areas with strong foot traffic like business districts, office buildings, festivals and events, colleges, and areas near bars and nightclubs. Maintaining an online presence and schedule helps food trucks maximize their profits at each location.
The document discusses different types of taxes paid in the United States, including income tax, payroll tax, property tax, sales tax, excise tax, estate tax, and gift tax. It explains that income tax includes federal and state income taxes. Payroll tax supports Social Security and Medicare programs. Property tax is based on property owned. The U.S. uses a progressive tax system where lower income individuals pay a lower percentage of their income in taxes compared to higher income individuals who pay a higher percentage.
1. A business is an organization that offers goods and services in exchange for money. Businesses have key functions like production, marketing, financing, managing human resources, and research and development.
2. There are three main categories of businesses: sole proprietorships, partnerships, and limited companies. A sole proprietorship is owned and run by one person who has unlimited liability. Partnerships are owned and managed by two or more people who share profits and responsibilities.
3. A partnership agreement jointly shares decision making. Partners have unlimited liability and must share profits. While partnerships have more access to financing than sole proprietorships, they also have to share profits.
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, franchises, cooperatives, and non-profits. Sole proprietorships are owned and managed by one individual and make up about 6% of businesses in the US. Partnerships are owned by two or more individuals who share responsibility and liability. Corporations are legally separate entities from their owners and can sell ownership shares to raise capital.
This chapter discusses different types of business organizations including sole proprietorships, partnerships, corporations, cooperatives, nonprofits, and franchises. Sole proprietorships are owned by one person who has unlimited liability, while partnerships are owned by multiple people who share risks and rewards. Corporations are registered with a state and provide owners with limited liability but are more expensive to start up and pay double taxation. Cooperatives are owned and operated by members to save money on purchases. Nonprofits focus on service over profit and do not pay taxes. Franchises allow businesses to use another company's name and products through contractual agreements.
This document discusses different types of business ownership structures including sole proprietorships, partnerships, corporations, non-profit corporations, and limited liability companies. It provides key details about each: sole proprietors own and operate the business themselves and take on full liability; partnerships have two or more owners who share decisions and liability; corporations protect owners from liability but are subject to double taxation; non-profits must serve religious, charity, or public purposes; and LLCs combine partnership flexibility with corporate liability protection and tax benefits. The document also outlines standard techniques to assess internal and external business environments including PEST, SWOT, and Porter's Five Forces analyses.
The document provides information on types of business ownership and factors to consider when setting up a business. It discusses sole proprietorships, partnerships, corporations, and not-for-profit corporations. For each type of ownership, it outlines advantages and disadvantages as well as legal structures and considerations. The document also covers business ethics and the internal and external factors that make up a business's environment.
This unit focuses on planning a new business by writing a business plan and presenting it in a professional format. Students will need to understand the importance of research in their assignments. The document discusses different business ownership structures like sole trader, partnership, private limited company, public limited company, and social enterprise. It explains the key features, advantages, and disadvantages of each to help students choose the most appropriate format for their business.
The Very Basics: Forming the Business (Series: The Start-Up/Forming the Busin...Financial Poise
So, you are an entrepreneur and want to start your own business (or you are an attorney, accountant, or other professional advisor working with one). One of the first decisions required is to choose a legal structure for the business and the jurisdiction of entity organization. What factors should be taken into consideration prior to selecting a legal structure and jurisdiction? Does a sole proprietorship, partnership, limited liability company or corporation (C- or S-corp) make the most sense? This webinar focuses on business formation and the pros and cons to the different legal structures, and includes tips on how to keep one’s personal assets safe from the claims of future creditors of the business.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/the-very-basics-forming-the-business-2021/
Are you searching on the internet for which types of business forms are suitable for you, and make it big internationally in the future? Well, you're in the right spot! Today, I'll help you understand all you need to know about setting up a new business. There are some important things to keep in mind when registering your business, and I'll break them down for you. Let's make this journey simple and exciting!
In India, businesses can be of different types, each with its own good and not-so-good parts. There's the simplest one called sole proprietorship, great for small businesses. Then there are partnerships where a bunch of people share the good and bad stuff together.
LLPs are cool because they give some protection to the partners, and private limited companies also do that for the people who own shares, but there are some rules. Public limited companies can get money from the public through the stock market. Each type has rules you need to follow, and these rules affect how businesses work and make decisions.
There are several types of business organizations and structures that were discussed in the document, including sole proprietorships, partnerships, joint stock companies, cooperatives, government companies, public corporations, departmental undertakings, joint sector organizations, and voluntary/third sector groups. The key characteristics and features of each type were explained to help identify and compare different business structures.
This document outlines different types of business organizations including sole proprietorships, partnerships, corporations, and cooperatives. It discusses the key advantages and disadvantages of each organizational structure and legal registration requirements. The types of partnerships, corporation advantages like limited liability, and cooperative principles are defined. The document provides an overview of important considerations for selecting the optimal organizational vehicle for a business.
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, cooperatives, and types of businesses according to their activities. A sole proprietorship is owned and run by one individual who owns the business' assets and profits but also assumes its liabilities. Partnerships involve two or more owners who contribute resources and share responsibilities under an agreement. Corporations are legally separate entities from their owners whose shares represent ownership. Cooperatives are associations that are democratically owned and controlled by their members. The document also defines service, merchandising, and manufacturing businesses according to whether they provide intangible products, buy and resell tangible goods, or transform raw materials through production.
The document discusses different forms of business organization according to ownership. It defines sole proprietorship, partnership, corporation, and limited liability company (LLC). For each form of organization, it provides the key advantages and disadvantages. Sole proprietorship offers total flexibility but the owner is fully liable for debts. Partnerships allow for shared resources but each partner is fully liable. Corporations limit owner liability but involve more complex paperwork. LLCs combine advantages of partnerships and corporations while mitigating some disadvantages.
Types of Business According to ActivitiesLourdes Eyo
Here are three potential businesses in the community and the type of business organization they could have:
1. A small bakery that currently has one owner. It could be organized as a sole proprietorship as it only has one owner currently.
2. A medical clinic that has three doctors working together in the practice. It could be organized as a partnership so that the doctors can share ownership and profits of the business.
3. A large supermarket that has many employees and stockholders. It could be organized as a corporation to allow for ownership shares to be divided among multiple stockholders and provide liability protection.
There are three main forms of business ownership: sole proprietorships, partnerships, and corporations. Sole proprietorships are owned by one person and have unlimited liability but are easy to start. Partnerships are owned by multiple people who share risks, rewards, and unlimited liability. Corporations are owned by shareholders, have limited liability, but more legal requirements. Other options include franchises, cooperatives, and nonprofits. Businesses can also be classified by their activities such as producers, processors, manufacturers, distributors, wholesalers, retailers, and service providers.
There are three main forms of business ownership: sole proprietorships, partnerships, and corporations. Sole proprietorships are owned by one person and have unlimited liability but are easy to start. Partnerships are owned by multiple people who share risks and rewards but also have unlimited liability. Corporations are owned by shareholders, have limited liability, but are more complex to start and regulate. Other forms include franchises, cooperatives, and nonprofits. Businesses can also be classified by their activities such as producers, processors, manufacturers, distributors, and service providers.
Business Structure, Nature and Models.pptxirenebernadas1
This document discusses different types of business structures, the nature of businesses, and common business models. It describes sole proprietorships, partnerships, limited liability companies, corporations, and cooperatives as the main business structures. The nature of businesses can include merchandising, services, agriculture, manufacturing, and hybrid models. Common business models mentioned are manufacturer, distributor, retailer, franchise, bricks and mortar, e-commerce, bricks and clicks, freemium to premium, subscription/membership, dropshipping, network marketing, and crowdsourcing.
This document provides an overview of sole proprietorships and partnerships as forms of business organization. It discusses the key features and advantages/disadvantages of sole proprietorships, including that they have no separate legal identity from the owner and unlimited liability. The document then covers various aspects of partnerships such as types of partners, how partnerships are taxed, and importance of partnership agreements. Famous businesses that began as sole proprietorships like Marriott, Sears, and JC Penney are also mentioned.
This document outlines three basic types of business ownership - sole proprietorships, partnerships, and corporations. It describes the key characteristics of each type including advantages and disadvantages. For sole proprietorships, it notes they are the most common but offer unlimited liability. Partnerships allow for shared decision-making but may lead to disagreements. Corporations offer limited liability but have higher start-up costs and regulations. The document also briefly discusses other options like buying an existing business, franchises, or family businesses.
Pillay Ronal Anthony Roll no;79 assignment 1.pdffiweif
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, and cooperatives. It covers the key characteristics of each type of business organization such as sole proprietorships being owned by one individual, partnerships having two or more owners who share profits and liability, corporations being legally separate entities from their owners with transferable shares, and cooperatives being jointly-owned organizations that provide services to their members. The document also compares the advantages and disadvantages of each type of business organization and factors to consider when choosing between them such as capital requirements, liability, and tax implications.
Similar to IntroductiontoBusiness-PPT-Ch04.pptx (20)
The key factors for food truck businesses to consider when choosing a location are whether permits or permission are required, what the costs are to park, if there are enough potential customers in the foot traffic, and what hours will provide the most customers given any location restrictions. Successful locations tend to be in areas with strong foot traffic like business districts, office buildings, festivals and events, colleges, and areas near bars and nightclubs. Maintaining an online presence and schedule helps food trucks maximize their profits at each location.
The document discusses different types of taxes paid in the United States, including income tax, payroll tax, property tax, sales tax, excise tax, estate tax, and gift tax. It explains that income tax includes federal and state income taxes. Payroll tax supports Social Security and Medicare programs. Property tax is based on property owned. The U.S. uses a progressive tax system where lower income individuals pay a lower percentage of their income in taxes compared to higher income individuals who pay a higher percentage.
Financial reports and accounting information are important because they are used by various stakeholders like managers, investors, creditors, and regulators to make informed business and economic decisions. There are differences between public and private accountants - public accountants serve organizations and individuals on a fee basis and are certified as CPAs, while private accountants work for a particular organization. Federal legislation like the Sarbanes-Oxley Act has affected their work by setting requirements to become a CPA and restricting non-audit services auditors can provide clients.
The document discusses various promotion strategies that companies use to inform customers about products and services. It describes above-the-line promotion using mass media advertising and below-the-line promotion using controlled media like direct mail. Common promotional activities include advertising, sales promotions, sponsorship, direct mailing, and public relations. Companies combine different activities to form a promotional mix based on cost, target market, and product. The goal is to move customers through the AIDA model from awareness to interest to desire to action.
This document discusses the tax cycle and the W-4 form. It covers important dates in the tax cycle like filing taxes in February and April. Over half of taxpayers don't know what a W-4 is. The W-4 form is given to new employees and is used by employers to determine how much to withhold from paychecks for taxes. The document encourages exploring a sample W-4 form to understand the details and purpose of the different sections.
Here are the Disney World bundling options from 2005 with prices:
- Magic Kingdom - $59
- Epcot - $49
- Hollywood Studios - $46
- Animal Kingdom - $44
- 1 Day Park Hopper (allows entry to all 4 parks) - $79
So Disney bundles entrance to its different parks and offers a bundled "hopper" option that is priced lower than buying individual entries, encouraging visitors to see more than one park in a day. This is an example of product bundle pricing.
This document outlines both the pros and cons of using the Enigma machine. The pros include transparency of transactions, decentralization, potential for privacy when using pseudonyms, and global accessibility. However, the cons discussed are volatility in value, lack of government regulations and consumer protections, irreversible transactions, scalability limitations, and major environmental impact due to the large amount of electricity usage required.
The marketing mix refers to the strategic tools and activities used by companies to market and sell their products, including the traditional 4Ps of product, price, promotion, and place. It has expanded to include additional Ps like people, process, and physical environment to encompass services. A product can be a physical good, service, experience, information, or idea and companies differentiate their products through various attributes related to the product itself, packaging, labeling, and after-sale services and support.
The document provides an overview of Chapter 12 in an Introduction to Business textbook, which covers distributing and promoting products and services. It includes 10 learning outcomes on topics such as distribution, wholesaling, retailing, supply chain management, promotion, advertising, personal selling, sales promotion, public relations, and e-commerce. There are tables and exhibits showing distribution channels, supply chains, types of retailing, and the promotional mix. The document aims to educate students on moving products from producers to consumers and the various ways companies promote their goods and services.
This document provides guidance on staffing a food truck. It recommends that most food trucks can hold between 2 to 6 workers, while most operations staff between 2 to 7 employees. It describes the roles and responsibilities of front-of-house staff who interact with customers, and back-of-house staff who handle tasks like cooking, cleaning, and bookkeeping. Some common food truck staffing roles include managers, service window attendants, chef/cooks, and kitchen workers. The document also includes tips on creating an organizational chart and shift schedule to plan staffing needs.
The document discusses the stock market and how it works. It explains what a ticker symbol is, how the stock exchange functions, and why investors use ticker symbols to identify companies. It also defines key stock market terms like stock, stockholder, dividend, and capital gains. The document provides information on how to analyze individual stocks, choose stocks to invest in, and conduct research on a specific company as part of a taking stock project.
The document discusses market segmentation and targeting. It defines key terms like market, market segment, and target market. It also outlines the important factors to consider when developing a customer profile and segmenting the market, including demographics, psychographics, geographics, and buying behavior. The key characteristics that define different market segments are identified as important considerations for targeting the right customers.
The document is a presentation on the fundamentals of investing. It defines investments as assets purchased with the goal of providing additional income through returns on the asset itself, but with the risk of loss. It discusses the differences between savings tools that are liquid versus investment tools that may not be as easily converted to cash. The presentation covers various investment vehicles like bonds, stocks, real estate, mutual funds and index funds, and how each aims to provide returns through mechanisms like interest, dividends, rents, and capital gains. It emphasizes the importance of diversifying investments across different asset classes to reduce risk.
This document is a presentation on the fundamentals of investing that covers several key topics:
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2. Learning Outcomes
1. What are the advantages and disadvantages of the sole proprietorship
form of business organization?
2. What are the advantages of operating as a partnership, and what
downside risks should partners consider?
3. How does the corporate structure provide advantages and
disadvantages to a company, and what are the major types of
corporations?
4. What other options for business organization does a company have in
addition to sole proprietorships, partnerships, and corporations?
5. What makes franchising an appropriate form of organization for some
types of business, and why does it continue to grow in importance?
6. Why are mergers and acquisitions important to a company’s overall
growth?
7. What current trends will affect the business organizations of the
future?
3. Your Company
Forms of Business Ownership
Sole
proprietorship:
Single owner who
manages the
company
Partnership:
Voluntary
agreement
between two
or more co-
owners of a
business for
profit
Corporation
Business is
considered a
legal entity
that is separate
and distinct
from its
owners
Limited
liability
company
(LLC)
Offers
limited
liability to
owners and
flexible tax
treatment
7. Going it alone: sole proprietorships
• What are the advantages and disadvantages
of the Sole Proprietor form of
ownership? View the video What Is A Sole
Proprietorship? from Quickbooks USA and
consider taking notes while you are watching
it. Can you list the main advantages to
“going it alone”? What about the major
disadvantages? Hint: There is one very
significant disadvantage when it comes to
liability of a sole proprietor.
8. 1. What are the advantages and disadvantages of
the sole proprietorship form of business
organization?
• CONCEPT CHECK
• What is a sole proprietorship?
• Why is this a popular form of
business organization?
• What are the drawbacks to being a
sole proprietor?
10. Partnerships:
Sharing the
load
1. Can you list the main advantages to “sharing
the load”? What about the major
disadvantages? Hint: There is one very
significant advantage when it comes to a
partnership over the sole proprietor form of
business organization.
14. 2. What are the advantages of operating as a
partnership, and what downside risks should partners
consider?
• CONCEPT CHECK
1. How does a partnership differ from a sole
proprietorship?
2. Describe the four main types of partnerships,
and explain the difference between a limited
partner and a general partner.
3. What are the main advantages and
disadvantages of a partnership?
15. LARGEST
1. Walmart
2. Exxon Mobil
3. Berkshire Hathaway
click to see what companies
they own
4. Apple
5. United Health Group
Source: Fortune 500
America’s
Public
Corporations
16. Offers limited liability to all its stockholders
Issues common stock as the basic
ownership interest
Stockholders can be institutional investors
• Institutional investor: Organization that
pools contributions from investors, clients,
or depositors
Corporations
17. Elected by stockholders to
represent their interests
Oversee the operation of their
company and protect their
interests
Appoint a chief executive
officer (CEO) and other
corporate officers to manage
the company on a daily basis
Board of Directors
23. • The most common corporate form for large
businesses (i.e., Federal Express, Microsoft)
• Can create status that may assist in getting loans
• Shareholders are owners of the corporation – 75 or
more
• Required to have an elected Board of Directors to
make decisions for the company
• Structured to accommodate employee benefits; i.e.,
pensions,
retirement plans, and profit sharing
C-Corporation
27. Specialized
Forms of
Organizations
The limited liability company
• Pay personal income taxes on
business profits
• Avoids double taxation
• Provides limited liability
• Less formal requirements than
corporation
Acts as a corporation
28. Types of Hybrid
Corporations
1. S corporations
organized like a corporation, but avoids double
taxation of profits by routing income and losses
through stockholders
2. Limited liability companies (LLC)
offers same limited liability as a corporation, but
may be taxed as either a partnership or
corporation
29. Specialized
Forms of
Organizations
• The S corporation – 75 or
fewer employees
• Taxed as a
partnership
• Provides lower taxes
• Limited liability
• Profits are part of
individual tax return
• Transfer of ownership
30. Subchapter S
Corporation
• Designed for owners of smaller companies
who want the liability protection of a
corporation, but want to avoid double
taxation
• Pass-through Taxation: Profits are taxed once at
shareholder’s personal tax rate
• Shareholders liable to amount invested
• In smaller private corporations, the founders
generally hold all–or a majority–of the stock.
31. S – Corporations
• Disadvantages
• Regulations may vary from state-to-state
which impact taxation and liability
• Costly to set up and follow corporate rules
• All shareholders must be U.S. citizens
• Personal finances separate from
corporation finances
• Increased banking, accounting, legal costs
32. Specialized
Forms of
Organizations
The limited liability company
Acts as a corporation
• Pay personal income taxes on
business profits
• Avoids double taxation
• Provides limited liability
• Less formal requirements than
corporation
33. Pros
Protection of personal
assets
Avoid double-taxation
of profits
Flexible management
& organization
Good for foreign
investors
Some Pros and Cons of LLC’s
Cons
• Often required to have a limited
life (< 30 years)
• Not corporations, so can not
issue stock
Source: The Company Corporation,
www.incorporate.com
34. • Privately Held
• Ownership is restricted to small
group of investors.
• Stock is not traded publicly.
• L. L. Bean, Polo, Ralph Lauren, Publix.
• Publicly Held
• Larger corporations.
• Stock is traded publicly.
• Act of initially issuing stock: “going public.”
Private vs Publicly Held Corporations
35.
36.
37. 3. How does the corporate structure provide advantages and
disadvantages to a company, and what are the
major types of corporations?
• CONCEPT CHECK
1. What is a corporation? Describe how
corporations are formed and structured.
2. Summarize the advantages and disadvantages
of corporations. Which features contribute to
the dominance of corporations in the business
world?
3. Why do S corporations and limited liability
companies (LLCs) appeal to small businesses?
38. Corporations: Limiting the Liability
• What are the advantages and disadvantages of the
Corporation form of ownership? View the short video
What Is A C-Corp? from Quickbooks USA and consider
taking notes while you are watching it. Also view the
longer video from Finance Kid which compares the C-
Corporation to the S-Corporation, another form of
incorporation which is popular with smaller business
enterprises.
39. Cooperatives
• Formed by people with similar interests, such as
customers and suppliers
lower costs
increased economic power
share in profits
• Members/owners pay annual fees
• Common in:
• agriculture
• hardware/lumber
• grocery
40. Joint Venture:
2 or more companies form an
alliance to pursue a specific
project, usually for a specific
time period
41. Corporations Limiting the
liability
1. Can you list the main advantages of incorporation? What
about the major disadvantages? Hint: There is one very
significant advantage when it comes to liability with a
corporation over both the sole proprietor and partnership
forms of business organization, but there’s one key financial
disadvantage, too.
2. What disadvantages of a traditional C-Corp does the S-Corp
help overcome? Are there any other pluses or minuses you
noted about either form of incorporation?
42. 4. What other options for business organization does a
company have in addition to sole proprietorships,
partnerships, and corporations?
• CONCEPT CHECK
1. Describe the two types of cooperatives and
the advantages of each.
2. What are the benefits of joint ventures?
43. Why is franchising growing in importance?
• Business owner does not have to start from scratch
• Buys a business concept with a proven product and
operating methods
• Franchisor provides:
• Management training and assistance
• Use of a recognized brand name, product, and operating concept
• Financial assistance
50. Franchising: A Popular Trend
• View this candid video posted by
Tariq Johnson, who owns two
franchise locations, and offers an
honest conversation about whether
a potential franchisee should buy a
franchise or not. After listening to
his story, you should be able to
understand several key concepts
about franchising.
51. Franchising: A Popular Trend
1. Why franchise ownership may be appealing.
2. What are the range of investments to get and keep a
franchise going.
3. Is it preferable to obtain an existing franchise location,
or a brand new one?
4. Some important personal characteristics that can help
a franchise owner to be successful (or not).
52. 5. What makes franchising an appropriate form of
organization for some types of business, and why does it
continue to grow in importance?
• CONCEPT CHECK
1. Describe franchising and the main parties to
the transaction.
2. Summarize the major advantages and
disadvantages of franchising.
3. Why has franchising proved so popular?
53. Why would a company use mergers and acquisitions to grow?
• Companies use mergers and acquisitions for strategic reasons such as
• Growth or diversification of product lines
• Increased market share
• Economies of scale
• Financial restructuring to increase company value to stockholders
54. Growth Through
Mergers & Acquisitions
Merger:
The combination of 2 or more firms to form a new
company, which often takes a new corporate
identity
Acquisition:
The purchase of a corporation by another
corporation or investment group
56. Types of Mergers
1. Horizontal mergers
• same industry, same stage of production
2. Vertical mergers
• same industry, different stages of production
57. Types of Mergers
3. Conglomerate mergers
• different industries
4. Leveraged buyouts
• corporate takeovers with borrowed money
58. Mergers and Acquisitions
• Watch this video and then
quiz yourself about your
knowledge of the three types
of mergers explained in the
video: Conglomerate, Vertical
and Horizontal.
59. Mergers and Acquisitions
1. Can you briefly describe the characteristics of each type of
merger and acquisition?
2. Details were also provided in this video about the way
government regulators use industry concentration data
known as the Herfindahl–Hirschman Index (HHI) to decide
whether or not the “marriage” between two companies is
likely to be approved or not by the Department of Justice
(DOJ).
3. Can you also explain how the HHI is computed?
60. 6. Why are mergers and acquisitions important to a
company’s overall growth?
• CONCEPT CHECK
1. Differentiate between a merger and an
acquisition.
2. What are the most common motives for
corporate mergers and acquisitions?
3. Describe the different types of corporate
mergers.