The Business Environment

Terri WoodardJune 21 , 2008Professor Mark PreisingDB seam Environment in that view atomic number 18 three main forms of stock certificate organization : mend proprietorship , flock and partnership . march on proprietorship is the simplest way to set and reap occupancy , because a sole proprietor is the only responsible person for each company s debts and obligations . The sole proprietor is al secondaryed to run his business to a lower place his own earn without any other words . There argon galore(postnominal) small groceries and stores in my community - for vitrine , plumber service complaint . Advantages : all meshing be received by sole proprietor , relatively low start-up cost and capital , the great freedom from law , negligible working capital , surveil advantages to owner of the business , owner has the direct control oer the decision-making process (Adelson , 2002 federation is an agreement when ii or much sides (persons ) are going to combine their easy resources in one business . Partnership agreement has to be signed with the assistance of lawyers , because in case of dissolution or disagreement the business should comfort its appropriateholders or other partners . harmonize to the agreement terms partners has to share in all the profits . Fuel Cell Partnership represents this form of organization in my community . Advantages : easy composition , relatively low start-up costs , additional available resources of investments , affirmable tax advantages , limited regulation and broader base of heed (Lucas 2002Corporation is know to be a effective entity that is separate from its owners , the shareholders . Shareholders are non personally responsible for debts and obligations and acts taken . Corporation can be either private or overt .

Private corporation can formed by one or more persons and it is not allowed to share securities to the world(a) public . Public corporation issues securities and shares for public distribution . For suit , Dell Corporation and Microsoft Corporation are the most stringy representatives in my community . Advantages : limited obligation specialized management , continuous existence , separate wakeless entity possible tax advantages , easy raising of capital and possession is transferable (Klein , 2002ReferencesAdelson , B .J (2002 ) Should You Have a Partner ? Retrieved June 13 , 2008 from HYPERLINK http / vane .myownbusiness .org /s4 /index .html http / web .myownbusiness .org /s4 /index .htmlKlein , B (2002 ) assembly line Organization and Finance : Leg al and Economic Principles . macrocosm , ISBN 1-58778-713-XLucas , Joseph (2002 ) Types of Business Organization . Retrieved June 13 2008 , from HYPERLINK http /www .lucaslaw .com http /www .lucaslaw .com PAGEPAGE 1Business EnvironmentPAGE...If you exigency to get a full essay, order it on our website: OrderEssay.net

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