Business

Organizations

 Entrepreneurship

 Partnership

 Corporation
 Non-cooperate Business Ownership
Sole proprietorship and partnership
are known as non-cooperate
business ownership because they
include no legal separation from the
owners of the business. It is easier
to start because there are no fees to
pay or papers to file to operate.
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 Types of Partnership
General partnership

Limited partnership

Master Limited Partnership

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 General Partnership

Business with two or more owners who share in

both the operation of the firm and the financial
responsibility for its debts. 5
 Advantages & Disadvantages of General Partnership
Advantages Disadvantages

Ability to grow by adding new talent no legal status

Easier to borrow/generate funds Individual taxation

Can invite new partners Unlimited liability

Easy to form Potential risk of continuity

Benefits of specialization Transferring ownership

Availability of larger resources Potential Conflict

Shared decision making Divided profits 6

 Limited Partnership
Type of partnership
consisting of limited partners
and an active or managing
partner. Limited partner
enjoy a protect investment.
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 Master Limited Partnership
Form of ownership that sells
shares to investors who receive
profits and who pay taxes on
income from profits. The master
partner retains 50% of the
ownership. 9
 Cooperatives
Form of in which a group of
sole proprietorships or
partnerships agree to work
together for common
benefits.
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