Transcript Chapter 4: Selecting a Form of Business Ownership

Chapter 4: Selecting a Form
of Business Ownership
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Factors to Consider
Sole Proprietorship
Partnership
Corporation
Other Types of Business Ownership
Mergers and Acquisitions
(cases and problems)
1.Factors to Consider
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What are you willing to do?
How much control do you want?
Who shares the profits?
What about taxes?
Assessing needed skills
Business survival
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Liability?
2. Sole Proprietorship
• Explain sole proprietorship
• What are the advantages and
disadvantages?
3.Partnership
• What is the difference between a general
partnership and a limited partnership?
• What are the major components needed in
a partnership agreement?
• What are the advantages and
disadvantages of a partnership?
4. Corporation
• What is a c-corporation? Who owns it?
Who governs it?
• What are the advantages and
disadvantages in incorporating a
business?
5. Other Types of Business
Ownership
• What is the difference between a ccorporation and a s-corporation? What are
the advantages?
• What is the definition of a LLC?
• Columbia REA is a local cooperative, how
does their business work?
• Name a local not-for-profit corporation.
How does the organization hold not-for
profit status?
6. Mergers and Acquisitions
• Define merges and acquisitions and
explain why companies are motivated to
merge or acquire other companies
• What is a hostile take over and how does
it work?
Cases and Problems
Assignment
The class will divide into 5 groups:
Group 1 will address Learning on the Web
Group 2 will address Career Opportunities
Group 3 will address Ethics angle
Group 4 will address Team-Building Skills
Group 5 will address The Global View
Be prepared to discuss your answers in your
groups in the next class session