Business Essay Topic Forms of Business Organizations

Business Essay Topic: Forms of Business Organizations It is important that the business owner seriously considers the different forms of business organization — types such as sole proprietorship, partnership, and corporation. Which organizational form is most appropriate can be influenced by tax issues, legal issues, financial concerns, and personal concerns. This essay explains the general impression of business organizations. A Sole Proprietorship, also known as the sole trader or simply proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. The owner receives all profits (subject to taxation specific to the business) and†¦show more content†¦These articles include the name and address of corporation, objectives of the corporation, classes of stock, and financial capital required at time of incorporation. There are many types of corporations such as domestic corporation, foreign corporation, alien corporation, private corporation, public corporation, initial public offering, quasi-public corporation, and non-profit corporation. The elements of corporation include: a board of directors, preferred stock, and common stock. There are many advantages and disadvantages of corporations. The advantages are: limited liability, transfer of ownership, perpetual life, external sources or funds, and expansion potential. The disadvantages are: double taxation, forming a corporation, disclosure of information, and employee-owner separation. Other types of business ownership include; a joint venture which is a partnership established for a specific project for a limited time. S- Corporation which is a corporation taxed as though it were a partnership (no double taxation) with restriction on shareholders. LLC which is a flexible form of enterprise that blends elements of partnership and corporate structures. Co-op which is an organization of individuals or small businesses that have banded together to reap the benefits of belonging to a larger organization. Mergers which is the combination of two companiesShow MoreRelatedWhy Do Business Exist? Review1304 Words   |  6 Pagesâ€Å"Why does business exist? â€Å" is a question that people may easily miss, because business has been so engaged in social life. However, it is still an issue that needs everyone, especially business people to deeply explore. From my point of view, business organizations exist in order to meet the needs of our daily life. Business organizations have been everywhere in our lives. When people need food, they go to supermarkets to choose what they would like to eat. This is the business activity betweenRead MoreBanking Course Outline1060 Words   |  5 Pagescomponents must be completed to pass this course Participation Essay 10% 40% See below Topic Assignment: OCT 8 2010 Due Date: NOV 19 2010 (3 hours) – Formal Examination Period Final Examination: 50% The Participation Mark will be determined by the contribution a student makes to class discussions over the course of the term. A student who is uncomfortable speaking in front of others may opt out of the participation mark and prepare an Essay worth 50% of his or her final mark provided that the studentRead MoreBusiness Ethics, Corporate Social Responsibility, Integrity, And Integrity1318 Words   |  6 PagesAbstract The success of business now a days is apparent, but recently there is much concern in the business (and in society) literature and in the general press on whether business fulfils its social role responsibly. Business ethics, have been created in recent years as responses to an increasing sense of corporate wrong doing. This essay attempts to discuss what business ethics are for improvement of business behavior to the satisfaction of the â€Å"constituents† of business, i.e. the major stakeholdersRead MoreBenefits And Potential Pitfalls Of Predictive Analytics1728 Words   |  7 Pagesincreasingly competitive global business environment, each organization needs to take advantage of every tool, opportunity, and advantage it can to achieve the best products and services, to gain and maintain market share, and keep stakeholders happy from investors and workers to supply chain and customers. The advance of data analysis has opened up new vistas to support decision making. Decisio n support systems (Sauter, 2010) have emerged that process various forms of data to build outcome modelsRead MoreHuman Nature, Unethical Behavior, Ethical Behavior And Work934 Words   |  4 Pages For an organization to survive in today’s environment it must find ways to remain competitive. Some organizations focus their energy on a marketing campaign to better a product, while others have realized their employees are its most important asset. While this notion does not clearly identify a right or wrong answer, it does highlight the new idea of an ethical work force. According to Business Ethics, â€Å"ethics is the set of principles a person uses to determine whether an action is good or bad†Read MoreThe Trickle Down Effect Of Good And Bad1431 Words   |  6 PagesLeaders walk around this earth attempting to make an impact, but they always question if they are really doing an effective job in the back of their mind. With the article published through Harvard Busine ss Review, â€Å"The Trickle-Down Effect of Good (and Bad) Leadership,† by Jack Zenger and Joseph Folkman discussed the results of an experiment testing if leadership behaviors were contagious, just like emotions. Their purpose was to spread the word that a leader’s impact is greater than one might perceiveRead MoreHospitality Business Development1708 Words   |  7 PagesHospitality Business Development Essay Matriculation no. 40071909 Module no. – TMS09801 Date – 30.03.2012 Paper ID- 15870080 Word count-1387 â€Å" Knowing your customers – actual and potential – and your competitors is essential to the development of strong businesses† (Hassanien, Dale Clarke, 2010, p.84). Evaluate this point of view within the contextRead MoreThe Organizational Of Symmetry Financial1361 Words   |  6 PagesThis analysis is of the organizational of Symmetry Financial. This essay will discuss the attitudes, leadership, managerial policies, and practices used by them. By using this data, I will provide a list of recommendations on how to improve the company. This analysis will describe the culture, nature of the company, motivational techniques, mores of communication used, and the emotional intelligence. I will provide information about the company to ensure the readers understand all of the differentRead MoreWrtg101 Writing Assignment 2 Writing Assignment 2 Cause-Effect Analysis1172 Words   |  5 PagesWriting assignment #2 will be an essay in which you analyze either causes or effects. You have two choices for this essay, both of which are very wide open. For both choices, you are required to integrate two sources into your essay to support your argument. 1. TECHNOLOGY AND EDUCATION Analyze the effects of a particular trend in educational technology. Our discussions in the class up to this point might be helpful for you as you consider ideas for this topic. You might analyze anyRead MoreScience Report For Business Accounting1708 Words   |  7 Pages Sciences Report for Business Accounting Hunter Langley Brunswick Community College  Abstract In this report I will talk about the writing that is done in the fields of accounting and economics. The writing that is discussed will be varying from working in the field and working as a professor of economics. I will also do a argument examination of Drew Westen’s Big Government Protects Freedom and Prosperity. The argument examination will display the forms of controversy inside the field of economics