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.
Tips for Choosing the Right Business Entitycarbonadmin
This presentation highlights some of the key considerations for startup and small business founders in choosing the right business entity. We hope you find the information useful as you start your business by making sure you have adequate protection and growth potential for your venture.
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.
Tips for Choosing the Right Business Entitycarbonadmin
This presentation highlights some of the key considerations for startup and small business founders in choosing the right business entity. We hope you find the information useful as you start your business by making sure you have adequate protection and growth potential for your venture.
Choosing the Right Business Structure for Your Small Business in TexasBrandy Austin
A guide on choosing the right business structure for your small
business in Texas. This presentation will provide valuable insights into selecting the most
suitable business entity for your entrepreneurial venture. The first step in creating a business structure is deciding on the type of entity that best suits your needs. This SlideShare helps you pick the best business structure for you.
Note: This is not legal advice.
What are the different Legal entities under which business can be carried on ...Kronus Law Associates
Thinking to start your own business in India, then this presentation is for you. This presentation will apprise you about basic features of different legal entities under which you can carry on your business and also advantages & disadvantages of carrying on business under them.
Several forms of Business Organisations and their functionality, advantages & disadvantages.
Namely Sole Proprietorship, Partnership, Corporations and LLC.
Unit 2 Part 2 (BBA 104: Business Organisation) according to the syllabus of Kanpur University, Kanpur.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
Learn how to use Binance Savings to expand your bitcoin holdings. Discover how to maximize your earnings on one of the most reliable cryptocurrency exchange platforms, as well as how to earn interest on your cryptocurrency holdings and the various savings choices available.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
2. Why is the type of organization, important for a
business?
What form your business adopts will affect a multitude of factors, many of which will decide your
company’s future.
Aligning your goals to your business organization type is an important step, so understanding the pros and cons
of each type is crucial.
Your company’s form will affect:
● How you are taxed
● Your legal liability
● Costs of formation
● Operational costs
3. There are 4 main types of business organization:
1, Sole proprietorship,
2. Partnership,
3. Corporation,
4. Limited Liability Company, or LLC.
4. 1. Sole Proprietorship (Sole-traders)
DEFINITION: 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.
Advantages:
● All profits are subject to the owner
● There is very little regulation for proprietorships
● Owners have total flexibility when running the business
● Very few requirements for starting—often only a business license
Disadvantages:
● Owner is 100% liable for business debts
● Equity is limited to the owner’s personal resources
● Ownership of proprietorship is difficult to transfer
● No distinction between personal and business income
5. 2. Partnerships
There are two types: GENERAL and LIMITED.
a) a. 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 responsible for all its debt. General partnerships do not require a
formal agreement—partnerships can be verbal or even implied between the two business owners.
b) b. LIMITED PARTNERSHIPS require a formal agreement between the partners. They must also file a
certificate of partnership with the state. Limited partnerships allow partners to limit their own liability for
business debts according to their portion of ownership or investment.
6. ADVANTAGES AND DISADVANTAGES (Partnerships)
Advantages:
● Shared resources provides more capital for the business
● Each partner shares the total profits of the company
● Similar flexibility and simple design of a proprietorship
● Inexpensive to establish a business partnership, formal or informal
Disadvantages:
● Each partner is 100% responsible for debts and losses
● Selling the business is difficult—requires finding new partner
● Partnership ends when any partner decides to end it
7. 3. 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.
Advantages:
● Limits liability of the owner to debts or losses
● Profits and losses belong to the corporation
● Can be transferred to new owners fairly easily
● Personal assets cannot be seized to pay for business debts
Disadvantages:
● Corporate operations are costly
● Establishing a corporation is costly
● Start a corporate business requires complex paperwork
● With some exceptions, corporate income is taxed twice
8. 4. LLC-Limited Liability Companies
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.
Advantages:
● Limits liability to the company owners for debts or losses
● The profits of the LLC are shared by the owners without double-taxation
Disadvantages:
● Ownership is limited by certain state laws
● Agreements must be comprehensive and complex
● Beginning an LLC has high costs due to legal and filing fees