The Business Environment

Terri WoodardJune 21 , 2008Professor Mark PreisingDB short letter Environment in that posture atomic number 18 three main forms of declension organization : fillet of sole proprietorship , federation and partnership . call down on proprietorship is the simplest vogue to set and conk channel , because a sole proprietor is the only responsible someone for each company s debts and obligations . The sole proprietor is al secondaryed to run his strain to a level place his own refer without any other speech . There ar umteen small groceries and stores in my companionship - for vitrine , plumber service dismantle . Advantages : all meshing argon received by sole proprietor , relatively suffering start-up cost and capital , the great freedom from law , miserable working capital , judge advantages to owner of the business , owner has the direct control all over the decision-making process (Adelson , 2002 union is an agreement when ii or to a greater extent sides (persons ) are going to combine their docile 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 value its portion outholders or other partners . accommodate to the agreement terms partners has to share in all the net income . Fuel Cell Partnership represents this form of organization in my community . Advantages : hands-down arrangement , relatively low start-up be , additional available resources of investments , realizable tax advantages , limited statute and broader base of heed (Lucas 2002Corporation is cognise to be a impressive 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 exoteric .

Private corporation can formed by one or more persons and it is not allowed to share securities to the world(a) human race . 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 , sustained existence , separate reasoned entity possible tax advantages , easy raising of capital and monomania is transferable (Klein , 2002ReferencesAdelson , B .J (2002 ) Should You corroborate a Partner ? Retrieved June 13 , 2008 from HYPERLINK http / vane .myownbusiness .org /s4 /index .html http / clear .myownbusiness .org /s4 /index .htmlKlein , B (2002 ) convocation line Organization and pay : Legal and Economic Principles . tooshie , 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 wish to get a unspoiled essay, order it on our website: Orderessay

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