Forms of

Business
Organization
INTRODUCTIONS
 Business Form

A business owner’s first decision while

starting a business is to decide what form
of business he wants to venture.
Forms of Business Organization
 A business
organization is an
entity formed in order
to carry out a
business by providing
goods and services to
meet the needs of the
customers.
 Business organization is
determined by its
ownership and may be
classified into a Sole-
Proprietorship, Partnership
and Corporation.
Sole Proprietorship

is a business venture
owned by a single
individual who makes
all the decision of the
business.
Partnership
is a legal form of
business operation
between two or
more individuals who
share management
and profits
The Partnership form have 2
types are

: General Partnership
: Limited Partnership
 GENERAL PARTNERSHIP

Is a partnership
with only general
partners.
Limited Partnership

- Is a partnership which includes

both general and limited
partners. Limited partner does
not participate in the
management of the business and
has a limited liability up to his
capital investment only
Corporation
is a legal entity
that is separate
and distinct from
its owners, it
enjoys most of
the rights and
responsibilities
LETS TEST YOUR
LEARNING
EXCHANGE YOUR PAPER
 Answer Key ;

1: Sole Proprietorship
2: General
3: Corporation
4: Partnership
5: Limited