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Various Forms of Business Ownership OTHER TYPES OF OWNERSHIP TRENDS IN BUSINESS OWNERSHIP
SOLE
BUSINESS OWNED AND OPERATED BY 1 PERSON. THISS SMALL BUSINESS WITH FEW EMPLOYING, EXAMPLE GROCERY, BARBER SHOP,ETC.
ADVANTAGES
EASY TO DO AND CHEAP COST SECRECY ONLY IN OWNER OWNER CAN CONTROL PROFIT OWNEER CAN FLEXIBLE CONTROL BUSINESS FEW OF GOVERMENT REGULATION FEW OF TAX OWNER CAN CLOSE BUSINESS EASILY
DISADVANTAGES
UNLIMITED LIABILITY LIMITED SOURCES OF FUNDS NO MUCH SKILL USED (LIMITED SKILL) LACK OF CONTINUITY (UN SUSTAINABLE BUSINESS) LACK OF QUALIFIED EMPLOYEES
IS ASSOCIATION OF TWO OR MORE PERSONS WHO CARRY ON AS CO-OWNERS OF A BUSINESS FOR PROFIT
ADVANTAGES EASY TO ORGANIZE AVAILABLE FOR CAPITAL N CREDIT COMBINATION KNOWLEDGE N SKILLS DECISION MAKING CAN PRUDENT AND GOOD REGULATORY CONTROL CAN AFFECTIVE DISADVANTAGES UNLIMITED LIABILITY BUSINESS RESPONSIBILITY FOR 2 OR MORE PERSON ACT LIFE OF THE PARTNERSHIP IS VERY RISK TO MAKE BUSINESS GROW UP PROFIT WILL SHARE
is a legal entity, created by the state, whose assets and liabilities are separate from its owners. As a legal entity, a corporation has many of the rights, duties, and powers of a person, such as the right to receive, own, and transfer property. Corporations can enter into contracts with individuals or with other legal entities, and they can sue and be sued in court.
AMERICA NAME N ADDRESS OF CORPORATION OBJECTIVES OF THE CORPORATION CLASSES OF STOCK AND THE NUMBER OF SHARE FOR EACH CLASS OF STOCK TO BE ISSUED
INDONESIA NAME N ADDRESS OF CORPORATION OBJECTIVES OF THE CORPORATION CLASSES OF STOCK AND THE NUMBER OF SHARE FOR EACH CLASS OF STOCK TO BE ISSUED
TYPE OF CORPORATIONS
PRIVATE CORPORATION IS OWNED BY JUST ONE OR A FEW PEOPLE WHO ARE CLOSELY INVOLVED IN MANAGING THE BUSINESS. THESE PEOPLE, OFTEN A FAMILY, OWN ALL THE CORPORATIONS STOCK, AND NO STOCK IS SOLD TO THE PUBLIC. WITHOUT SELL STOCK IN PUBLIC
PUBLIC CORPORATION
IS OWNED BY MANY PEOPLE WHO BUY STOCK OF CORPORATION. STOCKHOLDER IS VERY NECESSARY IN THIS CORPORATION. USUALLY IN THIS CORPORATION MAKE DECISION FROM MANY PEOPLE. MANAGERIAL ARRAY IS FROM PROFESIONAL PEOPLE WHO HIRE CORPORATION. THEIRS SELL STOCK IN PUBLIC WITH IPO (INITIAL PUBLIC OFFERING)
IN AMERICA, Quasi-public corporations are owned and operated by the federal, state, or local government. The focus of these entities is to provide a service to citizens, such as mail delivery, rather than earning a profit. Example are NASA, US. Postal Service.
IN AMERICA, focus on providing a service rather than earning a profit, but they are not owned by a government entity. Example are Museums, The American Red Cross
COOPERATIVES
An organization composed of individuals or small businesses that have banded together to reap the benefits of belonging to a larger organization
JOINT VENTURE
S CORPORATION
is a partnership established for a specific project or for a limited Time. example: bank sinarmas with bank mitsubishi tokyo
It will get double This type has different control. tax elemination Its may be shared equally or one partner may control decision making.
MERGER
ACQUISITION
SEPARTION
IS ONE COMPANY BUY MANY STOCK OTHER COMPANY WITH MINIMUM 51% STOCK EARNED. THEY DONT CHANGE COMPANY IN OVERALL. EXAMPLE BANK QNB KESAWAN
IS COMPANY WHO GROW UP TOGETHER WITH SAME STOCK BUT IN SOMETIME THEY SEPARATE TO GROW SELF WITH DIFFERENT STOCK. EXAMPLE BNI WITH BNI SYARIAH.
Terima Kasih
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