Types of Business OrganizationsAuthor: Swift Michelle Description: Keywords: , , , , , , online teaching
Content: Groups: 1. Proprietorships 2. Partnerships 3. Corporations 4. Franchise
Objects: 0. All profits go to the owner 1. All business decisions are the owner’s 2. Long working hours 3. Difficult to obtain financial capital 4. Greater Freedom 5. Very little government control 6. Life span limited to owner 7. Unlimited liability to the owner 8. Easy to form 9. Life span limited to owners 10. Divided liability 11. Easier to obtain financial capital 12. Opportunity to gain complementary skills 13. Divided authority 14. Divided profits 15. Potential disagreements among partners 16. Limited liability 17. Easier to raise financial capital 18. Perpetual existence 19. Freely transferable shares of stock 20. Greater government regulation 21. Expensive to organize 22. Double taxation 23. Not easily dissolved 24. Proven idea %26 brand name 25. Support from franchisor 26. Exclusive rights 27. Established relationships with suppliers 28. Loss of individuality 29. Financing may be easier than starting from scratch 30. Restrictions from franchisor 31. Stiff penalties from franchisor
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