INSTITUTO TECNOLÓGICO

“DON BOSCO”
CARRERA ADMINISTRACIÓN DE EMPRESAS
CONTABILIDAD GENERAL PARA ADMINISTRADORES

DOCENTE: M.Sc. WILMA CHOQUE QUISPE

El Alto – Bolivia
2023
BUSINESS STRUCTURE AND
COMPANY
UNIT 6
Business Structure UNITS

A business structure refers to how a company

wants to represent itself legally in the
industry on formation
Business Structure UNITS

A business structure refers to how a company wants to represent

itself legally in the industry on formation

What is a Business Structure?

Decide the
Business On formation
business structure

Offers legal recognition Helps in planning the

to the entity in the business activities and
market processes accordingly
Business Structure UNITS

Types of business structures:

SOLE PROPRIETORSHIP

PARTNERSHIP

CORPORATION

LIMITED LIABILITY COMPANY

Business Structure UNITS

SOLE PROPRIETORSHIP

A sole proprietorship is the simplest

business structure and involves one
individual who is responsible for the
day-to-day operations of the business.
Also, from a tax perspective, the
incomes and expenses of the
business are included in the tax return
of the owner.
Business Structure UNITS

VOCABULARY
SOLE PROPRIETORSHIP

A sole proprietorship is the simplest Sole proprietorship: Unico propietario

business structure and involves one Involves: Involucra
individual who is responsible for the Also: Además
day-to-day operations of the business. Tax: impuestos
Also, from a tax perspective, the Tax perspective : Perspectiva Fiscal
incomes and expenses of the business Incomes: Ingresos
are included in the tax return of the Expenses: Gastos
owner. Tax return: Declaración de Impuestos
Business Structure UNITS

PARTNERSHIP

A partnership is a form of business structure that

comprises two or more owners. It is the simplest
form of business structure for a business with two or
more owners. A partnership shares a lot of
similarities with a sole proprietorship. For example,
the business does not exist as a separate legal entity
from its owners, and therefore, the owners and the
entity are treated as one person.
Business Structure UNITS

VOCABULARY
PARTNERSHIP

A partnership is a form of business structure Partnership : Sociedad

that comprises two or more owners. It is the Comprises : Comprende
simplest form of business structure for a Owners : Propietarias/os
business with two or more owners. A two or more : Dos o mas
partnership shares a lot of similarities with a Shares : Comparte
sole proprietorship. For example, the business A lot of : Muchas
Similarities : Similitudes
does not exist as a separate legal entity from
therefore : Por lo tanto
its owners, and therefore, the owners and the
entity are treated as one person.
Business Structure UNITS

CORPORATION

A corporation is a type of business structure that

gives the entity a separate legal entity from its
owners. It is complex and expensive to set up, and it
requires the owners to comply with more tax
requirements and regulations. Most corporations hire
attorneys to oversee the registration process and to
ensure that the entity complies with the state laws
where it is registered.
Business Structure UNITS

VOCABULARY
CORPORATION

Corporation : Corporacion
A corporation is a type of business structure that gives : Da
gives the entity a separate legal entity from its Complex : Complejo
owners. It is complex and expensive to set up, and Expensive : Cara (costosa)
it requires the owners to comply with more tax To set up : Establer
requirements and regulations. Most corporations To comply : para cumplir
hire attorneys to oversee the registration process Hire : Contratar
and to ensure that the entity complies with the Attorneys : Abogados/as
state laws where it is registered. Oversee: Supervisar
To ensure: Asegurar