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    The document discusses the major forms of business ownership including sole proprietorships, partnerships, and corporations. It outlines the advantages and disadvantages of each form of ownership. Partnerships can be general or limited, and corporations can expand through mergers, acquisitions, or franchising. Different types of mergers and advantages and disadvantages of franchising are also covered. The last section briefly discusses cooperatives as another form of business ownership.

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    Business Environment

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    The document discusses the major forms of business ownership including sole proprietorships, partnerships, and corporations. It outlines the advantages and disadvantages of each form of ownership. Partnerships can be general or limited, and corporations can expand through mergers, acquisitions, or franchising. Different types of mergers and advantages and disadvantages of franchising are also covered. The last section briefly discusses cooperatives as another form of business ownership.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    13 views2 pages

    Chapter 005 MHKB

    Uploaded by

    dr salma akter
    The document discusses the major forms of business ownership including sole proprietorships, partnerships, and corporations. It outlines the advantages and disadvantages of each form of ownership. Partnerships can be general or limited, and corporations can expand through mergers, acquisitions, or franchising. Different types of mergers and advantages and disadvantages of franchising are also covered. The last section briefly discusses cooperatives as another form of business ownership.

    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 2

    Chapter 1: How to Form a Business

    Major Forms of Ownership: Page – 120


    Sole Proprietorship
    Partnership
    Corporation
    Figure 5.1: Forms of Business Ownership: Page – 120
    Major Advantages of Sole Proprietorship: Page – 121
    Major Disadvantages of Sole Proprietorship: Page – 121 & 122
    Major types of Partnership: Page – 123
    General Partnership
    Limited Partnership
    General Partner
    Limited Partner
    Limited liability
    Advantages for Partnership: Page – 124 & 125
    Disadvantages for Partnership: Page – 125 & 126
    Conventional (C) Corporation: Page – 127
    Figure 5.5: How Owners affect Management: Page – 129
    Advantages for Corporation: Page – 127, 128 & 129
    Disadvantages for Corporation: Page – 129, 130 & 131
    Corporate Expansion: Mergers and Acquisitions: Page – 135
    Merger
    Acquisition

    Page 1 of 2
    Types of Mergers: Page – 135
    Vertical Merger
    Horizontal Merger
    Conglomerate Merger
    Leveraged Buyouts: Page – 136
    Franchising: Page – 136
    Franchise Agreement
    Franchisor
    Franchise
    Franchisee
    Advantages of Franchise: Page – 137 & 138
    Disadvantages of Franchise: Page – 139 & 140
    Cooperatives: Page – 143 & 144

    Page 2 of 2

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