Scribd Logo
Upload

Welcome to Scribd!

  • Business Ethics Notes

    Uploaded by

    Kisumi Shigino
    8 views1 page
    This document outlines different types of business structures including sole proprietorships, partnerships, corporations, cooperatives, and stock and non-stock corporations. It provides details on each structure such as ownership, liability, registration requirements, and relevant laws. Sole proprietorships are owned and operated by one individual, while partnerships involve two or more owners who share profits and losses. Corporations are legally separate entities that provide limited liability and can exist indefinitely. Cooperatives are autonomous associations formed by people with common interests or needs.

    Original Description:

    Business Ethics notes (ABM GRADE 12, PHILIPPINES)

    Original Title

    Business Ethics notes

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document outlines different types of business structures including sole proprietorships, partnerships, corporations, cooperatives, and stock and non-stock corporations. It provides details on each structure such as ownership, liability, registration requirements, and relevant laws. Sole proprietorships are owned and operated by one individual, while partnerships involve two or more owners who share profits and losses. Corporations are legally separate entities that provide limited liability and can exist indefinitely. Cooperatives are autonomous associations formed by people with common interests or needs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    8 views1 page

    Business Ethics Notes

    Uploaded by

    Kisumi Shigino
    This document outlines different types of business structures including sole proprietorships, partnerships, corporations, cooperatives, and stock and non-stock corporations. It provides details on each structure such as ownership, liability, registration requirements, and relevant laws. Sole proprietorships are owned and operated by one individual, while partnerships involve two or more owners who share profits and losses. Corporations are legally separate entities that provide limited liability and can exist indefinitely. Cooperatives are autonomous associations formed by people with common interests or needs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Business Ethics

    Types:
    Business – activity of making, buying, * Stock Corporation –
    or selling goods/providing services in stock/shareholders
    exchange for money * Nonstock Corporation – members
    - work that is part of the job
    - the amount of activity that is done - 15.1% private corporation
    by a store, company, or factory - many advantages for long-term
    success
    Reasons (subjective) - registered under SEC
    1. More income Juridicial personality formally begins
    2. Independence on the day SEC releases a certificate of
    3. Unique and novel idea incorporation
    4. Desire for competition - limited liability, financial revenues,
    5. Genuine desire to help continuity
    people in your community - can outlast owners
    6. Enjoy dealing with people - higher the buildings, the lower the
    7. Pleased seeing satisfied morals
    people
    Cooperative
    Single/Sole Proprietorship - Thomas More’s nation of utopia and
    - business unit where the manager is the foundation of Commonwealth
    also the owner during the English Civil War
    - owner and business are synonymous - December 24, 1844
    - 82.6% legally recognized business in - October 24, 1844, Rochdale, England
    the Philippines - R.A. 6938 “Act to ordain a
    - simplest form, minimal cost, no Cooperation Code of the Philippines”
    specific/strict laws - amended R.A. 9520, Philippine
    - must be registered under the DTI Cooperative Code of 2008
    and Bureau of Trade and Regulation - autonomous and duly registered
    and Consumer Protection (BTRCP)— association of persons with a common
    gives assurance no identical names. bond of interest, who have voluntarily
    - you get all the profits and business joined together, and accepting a fair
    decisions are entirely under your share of the risks and benefits of the
    discretion undertaking
    - unlimited liability—incurs - voluntary, open membership;
    debt/suffers a catastrophe, the owner democratic member control
    is liable. - remain faithful to their basic
    principles of cooperation and
    Partnership democratic ways of management.
    - two or more owners - Credit Cooperative
    - R.A. No. 386 Civil Code of 1949 - Producers Cooperative
    - Article 1767—two or more bind - Electric Cooperative
    themselves to contribute money, - Consumers Cooperative
    property, or industry to a common
    fund with the intention of dividing the
    profits among themselves
    - Article 1770—lawful object/purpose,
    established for the common
    benefit/interest of the partners
    - 1.2%
    - capital of P3000  must be listed
    under SEC as judicial personality
    separate and distinct from partners
    - exercise of a profession, law firms,
    etc.
    - Article 1797, distributed in
    conformity with the agreement.
    = loss and profit divided between
    partners.

    Corporation
    - Batas Pambansa Blg. 68, The
    Corporation Code of the Philippines
    July 21, 1980—artificial being created
    by operation of law, having the right
    of succession and the powers,
    attributes, and properties expressly
    authorized by law/incident to its
    existence.

    You might also like