Forms of

Business
Oraganization
Lily Mar T. Vinluan
Shs TII
Macayo Integrated School
Forms Of Business Organization
What is Business Organization?
 The term “business organization”
refers on how business is structured.

 It refers to a commercial or
industrial enterprise and the people
who constitute it.
Sole Proprietorship
 A sole proprietorship also referred to as a sole trader or a proprietorship, is an
unincorporated business that has just one owner
 Sole
Propriestorship

A sole proprietorship also

referred to as a sole trader or a
proprietorship, is an
unincorporated business that
has just one owner
SOLE PROPRIETORSHIP

This Photo by Unknown Author is licensed under CC BY-NC

This Photo by Unknown Author is licensed under CC BY-SA-NC
 Advantages
 Easy to form
 Effort-Reward Relationship
 Full Control
 Quick Decisions
 Keep the business simple,
dynamic and flexible
Disadvantages
Small size
Limited Life
Lack of Professional Skills and Talent
Unlimited Liability
Growth Prospects
Limited Of Capital
Risking of Wrong Decisions
 Partnership
 By the contract of partnership two or
more persons bind themselves to
contribute money, property, or industry
to a common fund, with intention of
dividing the profits among themselves
 Two or more persons may also form a
partnership for the exercise of profession.
 Advantages Disadvantages
 Bridging the Gap in  Loss of Autonomy
Expertise and Knowledge
 Emotional Issues
 More Cash (and properties)
 Future Selling
 More Business
Complicatons
Opportunities
 Unlimited Liability
 Moral Support
 New Perspective
Corporation
Corporation
A corporation is an artificial
being created by operation of
law, having the right of
succession and the powers,
attributes, and properties
expressly authorized by law or
incidental to its existence.