Project # 9 TYPES OF BUSINES ORGANIZATION

NAME: ROFA MAE M. MEDINA

INSTRUCTOR: MS. ELLA MAE G. BALURAN

INSTITUTION: ST. ROBERTS INTERNATIONAL ACADEMY

DATE: March 10, 2021

Business Organization
CALL OF DUTY “COD” DELIVERY SERVICE COMPANY

Call of Duty Delivery Company is owned by Rofa Mae Medina. This type of
business can be considered as partnership knowing that goods and products are
from known companies out there, but it is only owned by single individual it
really means that “COD” is best considered as a sole proprietorship. Only the
owner can collects all the profit from the business and is liable for its debt.

One of the biggest advantages of this type of business organization is it’ the
simplest and least expensive business to start and operate. Because the owner
and the business are one and the same, all of the income and expenses go
straight to the owner. The owner then reports those on their personal income
tax forms. But In a sole proprietorship, there’s legally no difference between the
business and the owner. Therefore, all of the owner’s private possessions are at
risk if they are needed to pay the business’s debts. This is business is not a
win/win type but if you really know how to handle it well there is a big
possibility that the outcome is successful. We as entrepreneurs love to take risk,
and this type of business is worth risking for. My business may start small but
I’m open for more opportunities and willing to grow to a much bigger company.