BESSSS

• This is the simplest form of business and the easiest

  to form

  Sole Proprietorship
• Where does sole proprietorship should be registered?

  Bureau of trade regulation and consumers protection to the department of trade and industry
• under this article, it is a binding contract among two

  or more people to “contribute money, property, or

  industry to a common fund, with the intention of

  dividing the profits among themselves.

  Article 1767 of the philippine civil code
• binding contract among two

  or more people to “contribute money, property, or

  industry to a common fund, with the intention of

  dividing the profits among themselves.

  partnership
• partnership is registered at?

  Securities and Exchange

  Commission
• It is a form of partnership wherein

  partners have unlimited liability for the

  debts and obligations of the partnership.

  general partnership
• It is a form of partnership wherein one or

  more general partners have unlimited

  liability and the limited partners have

  liability that is only up to the amount

  equal to their capital contributions.

  limited partnership
• a juridical entity established

  under the Corporation Code and registered with

  the SEC.


  corporation
• Any person, partnership, association or

  corporation may form a corporation with at least

  2 (up to a maximum of 15), technically called

  incorporators
• It is considered as a “juridical person.”


  corporation
• “an autonomous and

  duly registered association of persons, with a common bond of

  interest, who have voluntarily joined together to achieve their

  social, economic, and cultural needs and aspirations by making

  equitable contributions to the capital required, patronizing their

  products and services and accepting a fair share of the risks and

  benefits of the undertaking in accordance

  cooperative
• also known as the “Philippine Cooperative

  Code of 2008”,


  ra 9520
• this is where cooperative is registered

  The Cooperative Development Authority
• 1. Simple to create or set up and easy to

  discontinue

  2. Least costly form of business

  ownership to begin with

  3. Larger profit incentive

  4. Total decision-making authority

  advantage of sole proprietorship
• 1. Unlimited personal liability

  2. Limited skills and capabilities

  3. Limited access to capital

  4. Lack of continuity of the business

  entity

  disadvantage of sole proprietorship
• 1. Easy to establish

  2. Complementary skills of partners

  3. The larger pool of capital

  4. Risks are shared

  advantage of partnership
• 1. Limited control of the business

  2. Profits are shared

  3. Decisions are made by the partners

  and are binding to all

  4. Unlimited liability of debts

  5. Joint property investment by all

  partners

  disadvantage of partnership
• 1. Greater ability to attract capital

  2. Transferable ownership

  3. Continuity of life

  4. Limited liability


  advantage of corporation
• 1. Longer time to set up

  2. Involve more expenses

  3. Potential loss of control by the

  founder(s)

  4. Major decisions are not made by the

  owners without the approval of the

  board

  5. More rules and regulations

  to comply with

  disadvantage of corporation
• 1. Earnings are tax exempted

  2. Limited liability

  3. More people benefit from the profits

  made by the enterprise

  4. Greater ability to attract capital

  advantage of cooperative
• 1. Control of business is shared

  2. Decision made by the board

  must be accepted by the general

  membership

  disadvantage of cooperative
• known as the Barangay

  Micro Business Enterprise Act of 2002,


  Republic Act No. 9178
• Describe your organizational structure and why it is

  advantageous for your company

  Legal Structure
• List the people who are (or will be) running the

  business.


  Qualifications of Officers
• • Enumerate their job description and job

  specifications

  • Project the salaries of personnel

  personal requirements
• It is the most basic structure and is applicable to

  small businesses where majority of the power and

  decision-making rests on the owner

  simple organizational structure
• It organizes a company by grouping together similar

  functions into departments.

  functional
• It groups

  together people

  working on the

  same product,

  in the same

  area, with

  similar

  customers, or

  on the same

  processes.

  divisional
• It combines features of functional and divisional structures.


  matrix
• It organizes employees into teams

  • It simplifies task of reporting to immediate superiors and

  top management

  team-based
• The company is structured as a group of departments that

  are loosely connected through electronic means

  network
• • It eliminates internal boundaries among subsystems and external

  boundaries with the external environment.

  • Figure 4.10, can be viewed as a combination of the team and network

  structures just described, with the added feature of “temporariness.”


  boundaryless