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Chapter 4: Selecting a Form of Business Ownership
Factors to Consider Sole Proprietorship Partnership Corporation Other Types of Business Ownership Mergers and Acquisitions (cases and problems)
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1.Factors to Consider What are you willing to do?
How much control do you want? Who shares the profits? What about taxes? Assessing needed skills Business survival $$$$ Liability?
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2. Sole Proprietorship Explain sole proprietorship
What are the advantages and disadvantages?
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3.Partnership What is the difference between a general partnership and a limited partnership? What are the major components needed in a partnership agreement? What are the advantages and disadvantages of a partnership?
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4. Corporation What is a c-corporation? Who owns it? Who governs it?
What are the advantages and disadvantages in incorporating a business?
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5. Other Types of Business Ownership
What is the difference between a c-corporation and a s-corporation? What are the advantages? What is the definition of a LLC? Columbia REA is a local cooperative, how does their business work? Name a local not-for-profit corporation. How does the organization hold not-for profit status?
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6. Mergers and Acquisitions
Define merges and acquisitions and explain why companies are motivated to merge or acquire other companies What is a hostile take over and how does it work?
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Cases and Problems Assignment
The class will divide into 5 groups: Group 1 will address Learning on the Web Group 2 will address Career Opportunities Group 3 will address Ethics angle Group 4 will address Team-Building Skills Group 5 will address The Global View Be prepared to discuss your answers in your groups in the next class session
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