The Business Environment

Terri WoodardJune 21 , 2008Professor Mark PreisingDB seam Environment in that locating atomic number 18 three main forms of caudex organization : mend proprietorship , federation and partnership . interest on proprietorship is the simplest way to set and roleplay telephone line , because a sole proprietor is the only responsible soul for each company s debts and obligations . The sole proprietor is al secondaryed to run his barter to a lower place his own image without any other words . There be numerous small groceries and stores in my community - for vitrine , plumber service superlative . Advantages : all meshing be received by sole proprietor , relatively low start-up cost and capital , the superlative freedom from law , negligible working capital , measure out advantages to owner of the business , own er has the direct control everyplace the decision-making process (Adelson , 2002 confederation is an agreement when ii or more than 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 defend its partakeholders 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 system , relatively low start-up costs , additional available resources of investments , viable tax advantages , limited regulation and broader base of heed (Lucas 2002Corporation is cognise to be a effective entity that is separate from its owners , the shareholders . Shareholders are not personally responsible for debts and obligations and acts taken . Corporation can be either private or commonplace .

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 indebtedness specialized management , continuous existence , separate well-grounded entity possible tax advantages , easy raising of capital and willpower 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 ) convention line Organ ization and Finance : Legal and Economic Principles . stem , 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 essential to get a full essay, order it on our website: OrderEssay.net

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