1. Different forms of business enterprise.

a. Sole Proprietorship
A sole proprietorship is a business owned by only one person. It is easy to set-
up and is the least costly among all forms of ownership. The owner faces unlimited
liability; meaning, the creditors of the business may go after the personal assets of the
owner if the business cannot pay them. The sole proprietorship form is usually
adopted by small business entities.

b. Partnership
A partnership is owned by two or more persons who contribute capital to
conduct business. The partners divide the profits of the business among themselves
based on agreed terms.
In general partnerships, all partners are have unlimited liability. In limited
partnership (or Limited Liability Partnership, LLC), at least one partner is a limited
partner. The creditors cannot go after personal assets of limited partners.

c. Corporation
A corporation is a business organization that has a separate legal personality
from its owners. Ownership in a stock corporation is represented by shares of stock. The
owners, known as stockholders, enjoy limited liability but have limited involvement in
the company's operations. The board of directors elected from the stockholders,
controls the activities and direction of the corporation.

d. Cooperative
A cooperative is a business organization owned by a group of individuals and is
operated for their mutual benefit. The persons making up the group are
called members. Cooperatives may be incorporated or unincorporated. Some examples
of cooperatives are: utility cooperatives (water and electricity), cooperative banking,
credit unions, and housing cooperatives.
2. Type of cooperative
Credit cooperative. Promotes thrift and savings among its members and creates
funds in order to grant loans for productivity
Consumer cooperative. The primary purpose of which is to procure and
distribute commodities to member and non-members.
Producers cooperative. Undertakes joint production whether agricultural or
industrial.
Service cooperative. Engages in medical, and dental care, hospitalization,
transportation, insurance, housing, labor, electric light and power, communication and
other services.
Multi- purpose cooperative. Combines two or more of the business activities of
these different types of cooperatives.
 Santiago Amos Credit and Development Cooperative
 Tam-an Multi-Purpose Cooperative
 Family Development Cooperative
 Isabela Electric Cooperative Inc I
 Juel Multi-purpose Cooperative Inc.
 Philippine Federation Credit Cooperative
 Cagayan Valley Confederation of Cooperative and development Center
 Isabela Lens Men Multi-Cooperative.

3. Study the different elected and appointed officer.

A cooperative is a member-driven organization committed to the well-being of
its members through self-help. This means the Board members, Manager and staff
should help members feel that they really are the owners of the cooperative. They
should treat them with the respect that owners deserve and yet made aware of the
responsibilities that go with ownership. The Board and management of the cooperative
have an obligation to keep the members informed of the affairs of the cooperative, and
the members have a corresponding responsibility to inform themselves and contribute
to the major discussions affecting the cooperative.
Article 37 of RA 9520 provides, “Unless otherwise provided in the by‐laws, the direction
and management of the affairs of a cooperative shall be vested in a board which shall be
composed of elected by the general assembly.”
Likewise Article 43 (2) provides, “The by‐laws shall provide for the creation of an audit,
election, mediation and conciliation, ethics, and such other committees as may be necessary for
the conduct of the affairs of the cooperative. The members of both the audit and election
committees shall be elected by the general assembly and the rest shall be appointed by the
board.”