ORGANIZING AND STRUCTURE ENTERPRISE

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Created by
Ayen Regidor

Cards (20)

  • Business Plan

    Must be able to estimate the capital required by the enterprise
  • 3 Assets
    -Current Assets
    -Fixed Assets
    -Other assets
  • Current Assets

    Short-lived assets. Composed of cash, inventory, accounts receivables and other assets
  • Other Assets

    Composed of organizational and pre-operational expenses
  • Fixed Assets

    Are composed of property, plant and equipment
  • Fixed Assets- Are composed of property, plant and equipment
  • The assets of the enterprise are financed by its liabilitites. These liabilities are composed of:
    -Current Liabilities
    -Long term debt
    -Owner's Equity
  • Sole Proprietorship

    Simplest and easiest enterprise.
  • Partnership

    If 2 or more persons bind themselves into a contract to contribute money, property and expertise in a common venture with the intention of diving the profits
  • Sole Proprietorship= The owner or entrepreneur has sole control over the enterprise
    -True
    -False
  • 2 Types of Partnership
    -General partnership
    -Limited partnership
  • Limited partnership

    Consist of partners who have limited liabilities while others in the partnership have unlimited liabilities
  • general partnership

    Consist of partners who are liable individually and collectively to all those who have claims against them.
  • Corporation

    It allows various combination of funds to be raise from financiers and investors
  • Corporation= Can be formed or incorporated by at least 5 to 15 natural persons
  • 4 Types of Corporation
    -Stock Corporation
    -Non-stock Corporation
    -Close Corporation
    -Corporation sole
  • Close Corporation

    Limits the ownership of issued stocks to at most 20 persons. There are strict restrictions on the transfer of stocks
  • Stock Corporation

    Issues capital stock divided into shares
  • Non-stock Non-Profit Corporation

    Carry out a purpose/ purpose other than generating profit for investors. It usually has a social mission
  • Corporation Sole

    Special corporation allowed by law, usually associated with clergy.