1 / 9

Business organization

Business organization. What do you need for a business?. Capital-equipment, good(s), building (location), money Advertising-marketing Business license-paying taxes Employees. Sole proprietorship Small business owned by one person 18+ million small businesses/sole proprietorships in the US.

sheryls
Download Presentation

Business organization

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Business organization

  2. What do you need for a business? • Capital-equipment, good(s), building (location), money • Advertising-marketing • Business license-paying taxes • Employees

  3. Sole proprietorshipSmall business owned by one person 18+ million small businesses/sole proprietorships in the US examples Advantages and disadvantages You are your own boss Liable for taxes Owners take profits Must rent or buy facility Owner decides how Pay and provide for employees business will operate Risk involved if business fails • Local grocery store • Hair salon/barber shop • Flower shop • Coffee shop

  4. partnershiptwo or more people share the business examples Advantages and disadvantages More than one person is providing capital Responsibility for the business is shared Risk is shared amongst the partners May be disagreement amongst partners • Local restaurant • Several small, local businesses are partnerships

  5. corporationbusiness that is recognized as a separate legal entity examples Advantages and disadvantages Corporations are businesses that are recognized as being separate from the people who own them. Raise money through stocks Decisions are made by a board of directors If a corporation goes out of business, it’s capital is sold • Franchise restaurants and stores • Most large businesses (some small businesses)

  6. Nonprofit organizationsprovide goods and services without seeking to earn a profit for stockholders examples Advantages and disadvantages Not taxed by the government Not allowed to contribute to political campaigns Can be organized as corporations (American Red Cross) Rely on donations from the community to operate • Charities • Scientific research associations • Cultural and education organizations • (PBS, KET)

  7. Economic cartoon • Create a cartoon for one of type of business organization • Should include at least one advantage and one disadvantage (see textbook for more examples, 460-464) • Stick people ok • Message should be clear • Color • Due Thursday

  8. Exit ticket What are some examples?? Sole Proprietor- Partnership- Corporation- Non-profit Organization-

More Related