Catégories : Tous - franchise - partnership - co-operative - liability

par Hutesh Macherla Il y a 1 année

82

Copy of Forms of Business Ownerships

Businesses can be structured in various ways, each with distinct benefits and challenges. Corporations offer easier financing, transferable ownership, and limited liability but come with higher costs and governance by a board of directors.

Copy of Forms of Business Ownerships

Floating topic

Forms of Business Ownerships

Co-operative

Fixed prices
Less operational control
Equal voting rights regardless of investments
Advantages
Different responsibilities
Equal voting for all members

Franchise

Very less individual control even if your boss
Investments and cost will be expensive
Lack of control
Higher profits
Expertise
Reduced risk of failure

Partnership

Disadvantages
Slower decision making
Liable for all debts
Opinion differences
Have to split the profits
Additional knowledge
More capital
Lower costs
Easier to establish

Corporation

Higher costs
Governed by board of directors
Time consuming
Financing is easier
Ownership is easier to transfer
Limited Liability

Sole Proprietorship

Disadvantages
Limited access to resources
Lack of skills and expertise
Can result in loss of personal assets
Unlimited Liability
Advantages
Low costs and expenses
Keeps all the profits
Quick decision making
Easier to start and end