1 / 14

Business Organizations

Business Organizations. Which type of business organization would you prefer to set up if you were starting a business?. SSEMI4 - The student will explain the organization and role of business in the U.S. economy.

donar
Télécharger la présentation

Business Organizations

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 Organizations Which type of business organization would you prefer to set up if you were starting a business?

  2. SSEMI4 - The student will explain the organization and role of business in the U.S. economy. • A. Compare and contrast three forms of business organization—sole proprietorship, partnership, and corporation.

  3. Warm Up • Why do people start their own businesses? List as many possible reasons as you can think of. Use your chart from Friday. • Put notes away and clear off desk. • It’s time to play, “What the *&#@ did he just say?”

  4. Sole Proprietorship – Run by one person • STRENGTHS • Most common form of business and easiest to start • Don’t have to share the profits • Don’t have to pay business income tax • Psychological benefit • Easy to get out of business

  5. WEAKNESSES • Unlimited Liability – 80% rule • Why do people start business despite this fact? • Problems raising financial capital • Problems being efficient with lack of inventory • Often lack managerial experience • Can’t attract qualified workers

  6. Take out notes • 90 second pair and share – recall as many strengths and weaknesses as you can. • Clear off desk

  7. Partnership • Owned by two or more people • General liability (involved in management and finances) or limited liability (just financial involvement) • STRENGTHS • Often have articles of partnership that spells out responsibilities of each partner • Both people bring different talents and ideas • Easier to get capital • Attract top talent because they are larger

  8. WEAKNESSES • Partners are responsible for the actions of each other • Business may end if a partner leaves • Potential conflict among partners

  9. Take out notes • 90 second pair and share – recall as many strengths and weaknesses as you can

  10. Corporations • With a partner and by using pages 59 – 62: you fill in the strengths (5) and weaknesses (4) for corporations. 15 MINUTES

  11. Corporations

  12. Homework – FOR A TEST GRADE!! • Due Friday September 7th • Interview a sole proprietor or a partnership owner and: • Describe the business – what is sold, how it is operated, etc. • Find from the owner his/her thoughts on the strengths and weaknesses of it and how they overcome the weaknesses. Use your notes in discussing the strengths and weaknesses. • NO BULLET POINTS; WRITE A FULL REPORT!!

  13. Read page 67 • Answer the two questions on that page after reading

  14. Ticket Out the Door • Using our work today – answer the E.Q. and provide 4 to 5 reasons to support your answer.

More Related