Claire G.

Bulagao
11 – Our Lady of Fatima
November 19, 2019

FORMS OF BUSINESS ORGANIZATIONS

Sole proprietorship Partnership Corporation Cooperative

Formation Easy Easy Complex Complex

Legal Requirements Department of Trade and Securities and Exchange Securities and Exchange Cooperative Development
Industry (DTI) Commission (SEC) Commission (SEC) Authority (CDA)

Numbers of Owners 1 owner 2 or more partners Minimum of 7 owners Minimum of 10 members

Raising Capital Loans Loans Sale of stocks Membership fees, bonds, and
loans

Profit Sharing Receives all profits Shared with partners Dividends to shareholders or Shared equally
corporate owners

Succession/Continuity Depends upon owner’s life Depends upon the partner Transfer of ownership Passing to a new “successor”
(retirement or death)

Dissolution Easy Easy Complex Complex

Examples (2)  Cargill  Twitter  Microsoft Corporation  South Mountain

 Mars  Google  eBay Company
 Select Machine, Inc.