Forms of

Business
Oraganization
Lily Mar T. Vinluan
Shs TII
Macayo Integrated School
Forms Of Business Organization
What is Business Organization?
 The term “business
organization” refers on
how business is structured.
 It refers to a commercial or
industrial enterprise and the
people who constitute it.
 Sole
Propriestorship

A sole proprietorship also

referred to as a sole trader or a
proprietorship, is an
unincorporated business that
has just one owner
 Advantages Disadvantages
Small size
 Easy to form Limited Life
 Effort-Reward Relationship Unlimited Liability
 Full Control Limited Of Capital
 Quick Decisions Risking of Wrong Decisions
 Keep the business simple,
dynamic and flexible
 Partnership
 By the contract of partnership two or
more persons bind themselves to
contribute money, property, or industry
to a common fund, with intention of
dividing the profits among themselves
 Two or more persons may also form a
partnership for the exercise of profession.
 Advantages Disadvantages
 Bridging the Gap in  Loss of Autonomy
Expertise and Knowledge
 Emotional Issues
 More Cash (and properties)
 Future Selling
 More Business
Complicatons
Opportunities
 Unlimited Liability
 Moral Support
 New Perspective
Corporation
A corporation is an artificial
being created by operation of
law, having the right of
succession and the powers,
attributes, and properties
expressly authorized by law or
incidental to its existence.
 Advantages Disadvantages
 Limited Liability  Double taxation
 Source of Capital  Independent management
 Ownership transfers  Forming a corporation
costs more.
 Cooperative

Coopetatives are people centered

enterprises owned, controlled and run
by and for their members to realize
their common economic, social and
cultural needs and aspirations