Using Sole Proprietorships

Slides:

Advertisements

Similar presentations

Chapter 6: Business Ownership and Operations

Advertisements

1.02—Types of Business Organization

PowerPoint Presentation  Section 7.1  Pages

Introduction to Business Organization. Objective #1: Describe characteristics of a sole proprietorship. Objective #2: List advantages of a sole proprietorship.

The Different Types of Business Ownership

Unit 4 Microeconomics: Business and Labor Chapters 8.1 Economics Mr. Biggs.

1 Essential Question Define the term “Sole-Proprietorship” and explain the three advantages and the four disadvantages of operating a sole proprietorship.

Level 1 Business Studies

Chapter 8 Section 2 Sole Proprietorship and Partnerships Sole Proprietorship- a firms is owned and managed by a single individual. Earns all the firms’

Chapter Two Sole Proprietorships. Sole Proprietorship  A business owned and operated by one person.

The Business Form of Green Valley Within the Area in SCNU Group 2 Cooditator 衷禾.

Types of business entities

Objective 1.02 Compare the main types of business organization: Sole proprietorship, partnership, corporation, and franchise.

Characteristics of Business Organizations. Sole Proprietorship O Business owned and run by one person O Largest number of businesses in the US.

Types of Business Organizations Compare the main types of business organization: Sole proprietorship, partnership, corporation, and franchise.

The Different Types of Business Ownership. Sole Proprietor A business owned and operated by one person. The owner is responsible for all operations of.

Types of Business Sole Proprietorship, Partnership, Corporation.

Business Organizations and Economic Institutions

Lesson L060006: Sole Proprietorships

Forms of Business Organization (sole proprietorship, partnership, and corporation)

Business Organization. Sole Proprietorship The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship.

Sole Trader Forms of Business Ownership. What is a sole trader? A sole trader is a business owned by one person The owner makes all the decisions about.

CONTEMPORARY ECONOMICS© Thomson South-Western 8.2Sole Proprietorships and Partnerships  Describe the advantages and disadvantages of sole proprietorships.

Using Sole Proprietorships and Business Partners.

Business Structures How can businesses be legally organized?

Types of Business Ownership The Right Fit. Sole Proprietorship Business owned and operated by one person ADVANTAGES decisions are made by only the owner.

1 Any notebooks that need to be turned in? What will we learn today? What will we learn today? Explain the roles of property rights, competition,

Types of Businesses. I) Proprietorship A) One individual owns the business –1) Any profit is the owner’s profit. –2) Easy to start –3) Little Gov’t Regulation/Taxes.

SOLE PROPRIETORSHIP Description  Owned by one person  Most common form of business organization.

Using Sole Proprietorships and Business Partners.

Business Organizations. Entrepreneur A person who organizes, manages and assumes the risks of a business in order to gain profits.

Types of Business Organizations

Business Administration & Management Mr. Bernstein Proprietorships and Partnerships, pp March 2016.

THE “THREE” TYPES OF BUSINESS CHAPTER 22, SECTION 1.

Agriculture Business Management Sole Proprietorship.

Economics Chapter 8 Section 2 Bryan Mongalo Andrea Mejia Period 4.

Compare Forms of business ownership

1.02—Types of Business Organization

Objective 3.01: Factors Influencing Entrepreneurship

1.02—Types of Business Organization

Chapter 8: Business Organizations Section 1

The Main Idea Sole proprietorships, partnerships, and corporations are the most common forms of business organization. Cooperatives, nonprofits, and.

Business Organizations Economic – Unit 4

Business Organizations

Choose Your Business Structure

1.02—Types of Business Organization

Agribusiness Library LESSON L060006: SOLE PROPRIETORSHIPS.

Types of Businesses Chapter 8.

Chapter 8: Business Organizations Section 1

Objective 3.01: Factors Influencing Entrepreneurship

1.02—Types of Business Organization

Business Organizations

Click here to advance to the next slide.

Business Organization

Sole Proprietorships.

Introduction to Business

1.02—Types of Business Organization

Level 1 Business Studies

Click here to advance to the next slide.

1.02—Types of Business Organization

Business Organizations

Business Organizations

Chapter 8: Business Organizations Section 1

Types of Business Organizations

Warm Up – May 6 Finishing Shark Tank Entrepreneurship Presentations.

Forms of Ownership for International Ventures

Chapter 8-1 Forms of Business.

Sole Proprietorship In this lesson, students will identify characteristics of sole proprietorships. Student will be able to identify and/or define the.

Compare Forms of business ownership

Sole Proprietorships Chapter 8, section 1

Presentation transcript:

Using Sole Proprietorships Mr. Kennedy

Pay your dues.

Objectives: 1. Understand the sole proprietorship arrangement. 2. Understand the advantages of a sole proprietorship. 3. Understand the disadvantages of a sole proprietorship.

What is a sole proprietorship? I. A sole proprietorship is a business with a single owner/operator. A. It is the simplest form of business organization. B. Only one person makes the decisions. C. The proprietor provides all the start-up costs. D. The proprietor is personally responsible for business debts.

What are the advantages of a sole proprietorship?

II. The sole proprietorship offers numerous advantages. A. Sole proprietors are their own bosses. B. The proprietor owns the assets and runs the business. C. The proprietor receives all profits. D. Business expansion decisions are easy to accomplish. E. The proprietor can make quick decisions or change business direction faster. F. There is strong incentive by the owner to work hard.

What are the disadvantages of a sole proprietorship?

III. There are numerous disadvantages of a sole proprietorship. A. It may be difficult to raise enough capital to begin business. B. All assets, business and personal, may be used to meet debts. C. The proprietor is responsible for the entire business. D. An injury could cause a stop in the business.

Pay your dues.