Types of ownership

1.Single-editor Ownership2.Multiple-editor

Ownership

The Organizational Vehicle

Organizational vehicle’S

ADVANTAGE AND DISADVANTAGE

1.Sole Proprietorship2.Partnership3.Corporation

A

Advantages Disadvantages• Easily established• No partners or shareholders• Only pay taxes on income generated• All after tax profit stays with the owner• Minimal government regulation

• Owner must bear all costs of set-up and maintenance•No others to share burden or add expertise• Unlimited liability for debts•Unlimited liability for malpractice

Advantages Disadvantages

• Easily established• Pooled expertise• Pooled resources• Flexibility•Business Income taxed as individual income• Minimal government regulation

• Unlimited liability of personal partner•Lack of Continuity• Potential for persona and authority conflict• Unlimited liability for malpractice• Must share profits with partner

Advantages Disadvantages• Limited liability of stockholders • Ability to attract larger amounts of capital• Distinct legal entity• Larger pool of skills, talents and knowledge• Ease of transfer of ownership

• Cost and time involved in corporation process•Subject to corporate taxes• potential for managerial potential incentives• potential loss control of founder(s) of the corp.• other costs, registrations, seals, etc.• taxed twice

Sole proprietorship

- Or single proprietorship is a form of business organization, initiated , organized, owned or capitalized and managed by a single person- Entrepreneur is the capitalist, the manager, administrator, and in the beginning of the business, he practically does everything for the business

partnership

- Is an association of two or more business partners who co-own a business for the purpose of making a profit. The co-owners (partners) share the assets, liabilities, and profits of the business according to the terms of the partnership agreement.

Types of Partners• General Partner• Limited Partner• Silent Partners• Dominant Partners• Capitalist Partner• Industrial Management• Managing Partner• Secret Partner• Nominal Partner or partner by estoppels• Liquidating Partners

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