Types of Business Ownership What have you learned?

Slides:

Advertisements

Similar presentations

8-1: Sole Proprietorship

Advertisements

Read to Learn Describe the advantages and disadvantages of the three major forms of business organizations. Describe how cooperatives and nonprofits are.

3.06 Classify the Forms of Business Ownership

Ryan Hohn Entrepreneurship Period 9. Sole Proprietorship Easiest and most popular form of business Receives profits Incurs losses Liable for all debts.

Business Know-how Housing and Interiors. Entrepreneur A person who assumes risk of starting and operating a business for the purpose of making a profit.

Forms of Business Ownership. Canadian Business Types In Canada, we generally have 4 types of business structures: 1.Sole Proprietorships 2.Partnerships.

Companies 101 James Hoffmann. Companies A company is a business or association formed to manufacture or supply products or services for profit. A company.

Forms of Business Ownership & Business Law Part I BCS-BE-16: The student evaluates sole proprietorships as a form of business. BCS-BE-17: The student evaluates.

Choosing the Best Business Structure

Business Structures. Three different business structures  Sole Proprietorship  Partnership  Corporations.

Sole Proprietorship and Partnership

After completing this chapter you will be able to: 1.Name business ownerships 2. Compare the ownerships 3. Describe alternative ways to do business 4.

Types of Business Ownership 1 Discuss the sole proprietorship legal form. Explain the partnership legal form. Explain how the corporate form gives owners.

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

“C” Corporation Unlimited owners (shareholders) Unlimited owners (shareholders) No personal liability for shareholders No personal liability for shareholders.

 Sole proprietorship is a business owned by only one person.  Sole proprietorship is for individual who want to work and make decisions independently.

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

Microeconomics Business Organizations. Microeconomics: Overview Study of individual businesses and households SMALL scale decisions –A firm’s business.

Types of Business Ownership 1 Entrepreneurs need to understand the advantages and disadvantages of various forms of business ownership so they can choose.

Introduction to Business © Thomson South-Western ChapterChapter Business Organization Business in the U.S. Economy Forms of Business Ownership.

SOLE PROPRIETORSHIP PARTNERSHIP CORPORATION Types of Business Ownership.

Copyright © 2007 South-Western. All rights reserved. Chapter 5 Selecting a Form of Business Ownership.

Business Firms. Why do Business Firms Exist? Business firms exist when people working together can produce more than the sum of individuals working alone.

Forms of Business Ownership. “C” Corporation Unlimited owners (shareholders) No personal liability for shareholders Taxed on earnings at corporate level.

Types of Business Sole Proprietorship, Partnership, Corporation.

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

© 2009 The McGraw-Hill Companies, Inc. All rights reserved. 4 McGraw-Hill Sole Proprietorships One person Advantages –Easy to start, easy out; you are.

Principles of Business, Marketing, and Finance Forms of Business Ownership Copyright © Texas Education Agency, All rights reserved.

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

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.

Types of Business Organizations

Business Structures How can businesses be legally organized?

Chapter 6 Business Ownership and Operations

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.

Advantages and disadvantages of business ownerships.

B. OVERVIEW OF SMALL BUSINESS 3.00 Explain the legal environment of small business Compare forms of business ownership. (The logos used in this PowerPoint.

BUSINESS ORGANIZATIONS. Business Organizations An enterprise that produces goods or provides services in order to make a profit A business can be organized.

Types of Business Ownership

Types of business ownership. Advantages to Sole Proprietorship  Keep all profits  Less Expensive  Easier to use.

Business Ownerships Chapter 6. Warm-up 1.List 5 advantages of working by yourself. 2.List 5 advantages of working with a partner. 3.If you could choose.

Essential Standard 2.00 Understand the nature of business. 1.

Role of Business.

Business Structures Chapter 8

Sole Proprietorships -business owned by a single person or a married couple -3/4 of all businesses are sole proprietorships -Advantages -Disadvantages.

Ch. 7-8 Test is Friday; (warm-ups due Friday)

Structures of International Business Organizations

Business Organizations

TYPES OF BUSINESSES.

Partnerships Unit 8.2.

Business Organizations and Competition

Warmup Do you know anyone who owns their own business? Describe what they do.

8-1: Sole Proprietorship

Bell Ringer Chap. 3 Sect 1 List 3 advantages of a sole proprietorship. (Pg. 59) List 2 Disadvantages of a partnership. (Pg. 62)

Business Structures.

Principles of Business, Marketing, and Finance

Ch. 7-8 Test is Monday (warm-ups due on day of test)

Sole Proprietorships A business that is owned (and usually operated) by one person The simplest form of business ownership and the easiest to start Many.

TYPES OF BUSINESSES 3 Main types of businesses in the United States:

Essential Question: Partnerships SECTION 2

Sole Proprietorship A business owned by one person

Ch. 7-8 Test is Thursday (warm-ups due on day of test)

Ch. 7-8 Test is Thursday (warm-ups due on test day)

Types of Business Organizations

Chapter 8-1 Forms of Business.

Chapter 3 How to Form a Business Pre-Study

ECONOMICS: March 2 (sub)

Types of Business Structures

Presentation transcript:

Types of Business Ownership What have you learned?

List four advantages of a business organized as a sole proprietorship.

How many people must be involved in a partnership? Is there a limit on the number of partners a business can have?

Sole proprietorships and partnerships both have unlimited liability for their business debts. What does that mean to the owners?

What happens when a partner leaves the business or dies?

What is the major advantage of a corporation? Explain your answer.

Identify the types of business and explain each one. 1.Producer: 2.Processors: 3.Manufacturers: 4.Intermediaries:

What is another name for an intermediary?

Currently, service businesses employ what percentage of the workforce?

What is the major difference between a non profit and a for profit business?