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This is not mine. I have been asked to upload it in order to place it in a blog.
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BUSINESS ORGANIZATIONS
THE PRIVATE SECTOR
5 MAIN FORMS OF BUSINESS ORGANIZATION
SOLE TRADER PARTNERSHIP LIMITED COMPANIES COOPERATIVES
PRIVATE PUBLIC
SOLE TRADERADVANTAGES
FEW LEGAL REGULATIONS YOU ARE YOUR OWN BOSS
MORE FREEDOM
CLOSER CONTACT WITH CUSTOMERS ALL THE PROFITS FOR YOU
SECRECY
SOLE TRADERDRAWBACKS
NO ONE TO DISCUSS BUSINESS MATTERS WITH UNLIMITED LIABILITY
LIMITED FINANCE
NO SPECIALISATION HARD TO EXPAND
NO CONTINUITY AFTER SOLE TRADER’S DEATH
WANNA HAVE SOME AMERICAN
HUMOR?…
PARTNERSHIPSADVANTAGES
MORE CAPITAL RESPONSABILITIES SHARED MOTIVATION NO SPECIALISATION
PARTNERSHIPSDRAWBACKS
NO SEPARATE LEGAL IDENTITY – IF ONE DIES, THE PARTNERSHIP ENDS
UNLIMITED LIABILITY DISAGREEMENT DISHONEST OR INEFFICIENT PARTNER
BUSINESS GROWTH LIMITED TO 20 IN MOST COUNTRIES
LIMITED PARTNERSHIPS
LIMITED COMPANIES
PRIVATE PUBLIC
PRIVATE
SHARES LIMITED LIABILITY CAN KEEP CONTROL OF THE BUSINESS
PRIVATE
LEGAL MATTERS SHARES CANNOT BE SOLD TO OTHERS WITHOUT THE
AGREEMENT OF THE OTHER SHAREHOLDERS
FORGET ABOUT SECRECY! SHARES CANNOT BE OFFERED TO THE PUBLIC
PUBLIC
LIMITED LIABILITY
A SEPARATE LEGAL UNIT – INCORPORATED BUSINESS
VERY LARGE CAPITAL SUMS
NO RESTRICTION ON THE BUYING, SELLING OR TRANSFER OF SHARES
HIGH STATUS – MORE ATTRACTIVE
PUBLIC
LEGAL FORMALITIES MORE REGULATIONS AND CONTROL
THEY COULD BECOME DIFFICULT TO CONTROL AND MANAGE
SELLING SHARES TO THE PUBLIC IS EXPENSIVE
“REAL OWNERS” LOSE CONTROL OVER THE BUSINESS
JUST TWO SAMPLES OF PLCs
http://www.youtube.com/watch?v=EnUKurl7Fog
http://www.youtube.com/watch?v=RZOKn-2vZn0
COOPERATIVESMAIN FEATURES ONE VOTE
ALL RUN THE BUSINESS (DAY-TO-DAY WORK)
PROFITS EQUALLY SHARED
Producer co-operative
Retail co-operative
OTHER FORMS OF BUSINESS ORGANIZATIONS
CLOSE CORPORATIONS
JOINT VENTURES
FRANCHISING
END OF PRESENTATION - END OF PRESENTATION - END OF PRESENTATION - END OF PRESENTATIONALL RIGHTS RESERVED
Le fin
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