Published on March 10, 2014
By Sweetness Nkosi University of Johannesburg
Service Business Carry out activities that are consumed by its customers Intermediaries Sell goods and services Producers Create products and services used by other individuals and businesses
BUSINESS ORGANIZATIONS: THE PRIVATE SECTOR Sole traders Partnerships Private limited companies Public limited companies Co-operatives Close corporations franchise
Choice of Suitable form of ownership – A Crucial Decision The form of ownership determines the - Division of Profits Extent of liability Extent of Risk Division of Power Control of Owner Long term commitment, cannot be altered easily FORMS OF OWNERSHIP DETERMINES…
Ease of Formation Sufficient Finances Limited Liability Transferability of Interest Efficient Management IDEAL FORM OF OWNERSHIP
SOLE PROPRIETORSHIP A business owned and managed by one individual; the business and the owner are one and the same in the eyes of the law
Owned by 2 or more persons Least numerous business organization Smallest proportion of sales and net income PARTNERSHIPS
CORPORATIONS Corporations account for 1/5 of all firms in the U.S. and 90% of all sales A corporation is a form of business organization recognized by law as a separate legal entity having all the rights of an individual
Limited Liability Partnership & Company Joint Venture S- Corporation Nonprofit Corporation Franchise Cooperative Other Forms of Business Ownership UNT in partnership with TEA, Copyright ©. All rights reserved 8
What is Franchise? A franchise is a business established by one person who buys copyrights of another firm and is allowed to produce and distribute that product. FRANCHISING
Nature of Business Size and Area of Operations Degree of Control Desired Amount of Capital Required Degree of Risk Involves FACTORS TO CHOICE OF OWNERSHIP
www.slideshare.net/mytopics/presentation-on-business- organisation www.slideshare.net/aadityanagpa/forms-of-organisation- 27056960 www.slideshare.net/amanpreetbhamra/forms-of-ownership www.slideshare.net/guestf6d4e7/forms-of-business- organisation-pp REFERENCES
EDWARD TSHIBALO:forms of ownership are very much important to know since we all have to know what type of ownership we may resolve ourselves in before we ...
As a new business owner, one of the first critical questions is deciding which form of ownership will best meet your business needs. Selecting the legal
NSBDC – Forms of Business Ownership Page 3 of 4 UNR - UNLV Reno - Las Vegas - Henderson - Carson City - Elko - Ely - Fallon - Gardnerville - Pahrump ...
Forms of ownership • Types of organisations- Formal and Informal • Different forms of ownership • Sole proprietorship, Partnership and Companiesa ...
Ownership of property may be private, collective, or common, ... slavery still exists in various forms today. Critical views of ownership
Let’s start with a quick reminder. Title is Ownership. Title can be held in Severalty or as a concurrent estate. Severalty is sole or independent ...
Company law (or the law of business associations) is the field of law concerning companies and other business organizations. This includes corporations, ...
The pros and cons of different business types of ownership, including sole proprietorship, partnering, corporations, and limited liability companies.
One of the first decisions that you will have to make as a business owner is how the company should be structured. This decision will have long-term ...
Forms of Ownership Corporation Claims of Corporation’s Creditors Corporation’s Assets Shareholder’s Personal Assets Shareholder’s Personal Assets