Own Your Own Business.

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Presentation transcript:

Own Your Own Business

What’s Direct Sales Selling without the use of a retail outlet, distribution, broker or wholesale or any other form of middle person.

Direct Sales Start up cost $5 - $1,000 Work from home Almost no risk

Direct Sales Company Direct personal presentation, demonstration and sales of product service.

SOLE PROPRIETORSHIP Unincorporated Business that is owned by one individual Example: BIG DADDY’S PIZZA! Liabilities are all the owners Start up fees very Owner undertakes all the risks of the business for all assets.

PARTNERSHIP Unincorporated business organization in which multiple individuals participation in ownership. Partners have unlimited legal responsibility of debts and liabilities. Start-up costs are split among partners. (May vary) All profit is divided by all owners.

FRANCHISE A form of business organization in which a firm already has a successful products or service (the franchisor) enters into a continuing contractual relationship.

Royalties paid out from profits to franchise. Start up fee $350,000 + Royalties paid out from profits to franchise. Low Risk – If you buy into a strong franchise Unlimited liability Franchise will train you and they do all the background work. FRANCHISE

CORPORATION The most common form of business organization. Consisting of a person or group of people who become shareholders. *Start up fee’s padded by shareholders *Limited liability *Limited risk

Limited Liability Company (LLC) The limited liability company (LLC) is a relatively new form of business organization. This business structure is a hybrid of a partnership and a corporation. Its owners (called members) are shielded from personal liability, and all profits and losses pass directly to the owners without taxation of the entity itself.

WHAT BUSINESS FIT YOU? Do you like working from home? (Direct Sales Company) Do you like having all the profit? (Sole Proprietorship) Would you like to share your success with another person? (Partnership) Do you like the safe risk of a Franchise? Do you want to be a part of a Corporation? WHAT ARE YOUR LIFE PLANS??