The document summarizes three main forms of business ownership: sole proprietorships, partnerships, and corporations. It outlines the key advantages and disadvantages of each. Sole proprietorships are easy to start but owners have unlimited liability. Partnerships allow for more capital and shared responsibilities but partners have unlimited liability. Corporations can raise more capital through stock but are more expensive to start and are subject to more regulations. The document also discusses hybrid forms like LLCs that combine advantages of different structures.
What are sole proprietorship? What does it mean when people refer to general partnership, and is it applicable to your business or startup.
Get answers that are specific to your business and concerns and learn from queries and responses given to others based on real life ongoing business challenges.
This presentation will help you to:
• explain the concept of business organisation;
• state the meaning and characteristics of Sole Proprietorship and Joint Hindu Family Business
• identify the merits and limitations of these forms of business organisation;
• describe the suitability of these forms of business organisation; and
• explain the steps in the formation of these business organisation.
What are sole proprietorship? What does it mean when people refer to general partnership, and is it applicable to your business or startup.
Get answers that are specific to your business and concerns and learn from queries and responses given to others based on real life ongoing business challenges.
This presentation will help you to:
• explain the concept of business organisation;
• state the meaning and characteristics of Sole Proprietorship and Joint Hindu Family Business
• identify the merits and limitations of these forms of business organisation;
• describe the suitability of these forms of business organisation; and
• explain the steps in the formation of these business organisation.
Dissolution is the last stage of liquidation, the process by which a company (or part of a company) is brought to an end, and the assets and property of the company redistributed.
Dissolution may also refer to the termination of a contract or other legal relationship; for example, the dissolution of a marriage, or divorce.
A short powerpoint on the advantages and disadvantages of limited company registration.
When setting up a business, many individuals will have the tough choice between company formation, or registering as a sole trader. Here, we look at some of the pros and cons of setting up a company to help you make the decision that is right for you.
We also look at the different routes you can take to register a company, to ensure that you know exactly what you are doing, and which route is right for you.
The short presentation on company formation looks to ensure you get the best possible start when you set up company.
Brought to you by Wisteria Formations.
Different types of business entities in indiaShweta Mohandas
Starting a company is serious business.The types of companies that can be formed depend upon the number of people, the sharing of rights and liabilities as well as the distribution of capital and shares.Here is a run through of the most commonly formed business entities in India.
Dissolution is the last stage of liquidation, the process by which a company (or part of a company) is brought to an end, and the assets and property of the company redistributed.
Dissolution may also refer to the termination of a contract or other legal relationship; for example, the dissolution of a marriage, or divorce.
A short powerpoint on the advantages and disadvantages of limited company registration.
When setting up a business, many individuals will have the tough choice between company formation, or registering as a sole trader. Here, we look at some of the pros and cons of setting up a company to help you make the decision that is right for you.
We also look at the different routes you can take to register a company, to ensure that you know exactly what you are doing, and which route is right for you.
The short presentation on company formation looks to ensure you get the best possible start when you set up company.
Brought to you by Wisteria Formations.
Different types of business entities in indiaShweta Mohandas
Starting a company is serious business.The types of companies that can be formed depend upon the number of people, the sharing of rights and liabilities as well as the distribution of capital and shares.Here is a run through of the most commonly formed business entities in India.
Key business activities you need to consider before starting up. Different types of company, opening a business bank account, how to name your business to name a few
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What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
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India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
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In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
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Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
5. Advantages of sole proprietorships
•Easy and inexpensive to create.
• Unless you need certification or
local permits, government
intervention is minimal
•Owner makes all business decisions &
has control over all aspects of the
business.
•Flexibility in scheduling to meet
owner’s needs
6. Advantages of sole proprietorships
cont.
•Owner receives all profits.
•Privacy – owner is the only one who
knows details of the business
• Secret ideas, formulas, or
recipes
•Ability to act quickly in making
decisions – no checking with others
7. Advantages of sole proprietorships
cont.
•Tax advantages
• Business itself pays no taxes
• Taxes are paid as personal income of owner
which is usually lower than corporate taxes
• Many business expenses are deductible
•Easy to close/dissolve
• Pay employees and creditors
• Sell your equipment
• Notify customers if possible
8. Disadvantages of sole proprietorships
•Owner has unlimited liability for all debts and
actions of the business.
•Unlimited liability: The debts of the business may be paid
from the personal assets of the owner.
•If you cannot pay business debt with business income, bill
collectors can take your personal assets (home, car)
•Difficult to raise capital.
•Banks/lenders consider sole proprietorships to be a high-
risk investment
•Needs include paying employees, purchasing equipment &
inventory, & running the business
•Expansions can be delayed or halted causing you to lose
business to your competition
9. Disadvantages of sole proprietorships
•Sole proprietorship is limited by
his/her skills and abilities.
•Uncertain life
•You are “it” – illness or injury that prevents you
from working may cause you to close
•Bankruptcy or incarceration will dissolve your
business
•The death of the owner automatically dissolves
the business.
10. Partnership
A form of business
ownership in which
two or more people
share the assets,
liabilities, and profits.
11. Advantages of partnerships
•Fairly easy & inexpensive to start
• May pay attorney if you develop a partnership agreement
•Combined resources
• Team with partners with different skills, experience, contacts, &
capital
• Sharing responsibilities makes business run more efficiently &
smoothly
• Increase the amount of capital to run the business. Lenders may
be more willing to lend or extend credit
•Decreased Competition
• Combining like businesses will decrease or eliminate
competition
12. Advantages of partnerships cont.
•Reduced expenses
• When two or more businesses combine expenses are no longer
being duplicated
• Ex. promotion, office space, supplies, utilities
•Business losses are shared by all partners.
•The partnership does not pay income tax on profits.
• Each partner pays income tax on her/his individual share of the
profit
13. Disadvantages of partnerships
•Unlimited liability
• Each owner in a general partnership has unlimited liability.
• Each partner can lose personal assets to pay business debt
• In a limited partnership, the liability is limited to the amount
invested in the business
•Limited Capital
• Although partners may bring more capital to the business than sole
proprietors, it is still limited to what each can contribute
• Some lenders may still be reluctant to lend large amounts
•Difficulty in ending
• Withdrawing can be complicated if there is no written partnership
agreement
• By law profits must be divided equally if no agreement
14. Disadvantages of partnerships cont.
•Partnerships may lead to disagreements.
• May disagree on business goals, finances, responsibilities, &
division of profits
• Can affect the efficiency of the business, morale of employees, &
success or failure of the venture
•Developing a detailed partnership agreement often
helps resolve the conflict because it addresses many
issues that cause potential disagreements
• In 1916, the U.S. government developed the Uniform Partnership
Act (updated in 1997) which serves as a guide for legally
formulating a general partnership agreement
• A limited partnership is more formal & specific in nature & is
governed by the Uniform Limited Partnership Act (ULPA)
15. Disadvantages of partnerships cont.
•Uncertain life/Transferability
• Unless specified in a detailed
partnership agreement,
bankruptcy, death & the
withdrawal or admittance of a new
partner dissolves the partnership
• Remaining partners may start a
new partnership if they have the
money to buy the former partner’s
share
16. Corporation
A business that is chartered by a
state and legally operates apart
from its owners.
Owned by stockholders who
have purchased units or shares
of the company
17. Types of corporations
•C-corporation: The most common form of
corporation. It protects the entrepreneur from
being personally sued for the actions and debts
of the corporation
•Subchapter S corporation: A corporation that is
taxed like a sole proprietorship or partnership.
•Nonprofit corporation: Legal entities that make
money for reasons other than the owner’s profit.
Limited Liability Company (LLC): A form of
business ownership that provides limited
liability and tax advantages.
18. Advantages of corporations
•Financial Power
•Can raise money quickly by issuing shares of stock.
•Because it is closely regulated by the government,
financial institutions are more willing to lend larger
amounts of capital
•Limited Liability
•Owners are liable only up to the amount of their
investments. Personal assets cannot be used to pay
business debt
•Unlimited life
•May exist indefinitely
•The death or withdrawal of an owner/stockholder does
not affect the life span of the corporation
19. Advantages of corporations cont.
•Easy-to-transfer ownership
•Ownership simply transferred by selling stock to
someone else
•New stock certificate is issued in the name of new
stockholder. No permission is required by others
•The business can hire experts to
professionally manage each aspect of the
business.
•Can result in a more efficiently run organization
20. Disadvantages of corporations
•Difficulty in forming & operating
• Legal assistance is needed to start a corporation
• Lawyer fees can be very expensive
• Must request approval from the State & register the Articles of
Incorporation
• Decisions about value & class of stock & shareholder voting rights
•Corporations are subject to more government
regulations than partnerships or sole proprietorships.
• Reporting & taxation requirements vary from state to state
• Required to keep detailed reports for stockholders & to keep them
informed of certain corporate transactions, meetings, & voting rights
• New charter must be approved if corporate activities change
21. Disadvantages of corporations
•Separate owners & managers
• Stockholders are not generally involved in the day-to-day operation
of the corporation
• Stockholders form a board of directors to make decisions about
the business & managers carry out these decisions
• Separation of ownership & management provides more opportunity
for irregularities or misunderstandings
•Dual taxation
•Corporation is taxed on profits from
the company
•Shareholders are taxed on the
dividends they earn on their
investments
22. Hybrid forms of Business Ownership
•Limited Liability Company (LLC)
•Limited Liability Partnership (LLP)
•Both combine various elements of sole
proprietorships, partnerships, &
corporations into one package
23. Advantages of Hybrid Businesses
•Cost to start & operate
•Generally less expensive than corporations
•No dual taxation - requires less paperwork & regulation
•LLPs are designed for business professionals such as
lawyers & doctors
• Partners might need to carry a required amount of liability insurance
•Limited Liability
•Personal assets cannot be used to pay business debt
•Owners (members) lose only what they have invested in
the business if it fails
24. Advantages of Hybrid Businesses cont.
•Taxation
•LLCs & LLPs pay taxes on personal income-tax returns
•Since they are not considered separate entities (like
corporations) they are not subject to dual taxation
•Combined resources
•Often have more owners & tend to have a wider pool of
financial resources, skills, talents, & contacts
•Life span
•Hybrids are required to dissolve after a specific time
period
• Depending on the state registered in, usually between 30 & 40
years
•Owners can decide if they want to reorganize or let it
dissolve
25. Advantages of Hybrid Businesses cont.
•Flexibility
•Number of members permitted in LLCs are
unlimited
• Sub S corporations must have 100 or fewer
shareholders
•Most states require only one member to
establish a business as a hybrid
•Members are permitted to run the company or
to allow others to manage it
•Membership changes do not automatically
dissolve the company
26. Disadvantages of hybrids
•Verification of each state’s
statutes can be costly
•Requirements & laws to establish & operate
hybrids vary from state to state
•Problematic for businesses that operate in more than one
state
•No universal guidelines from state to state