Reporters:
Elissa L. Importante Nochelle S. Urboda, REB Bon Carlo M. Melocoton, CPA
Corporations
Joint Stock Company Public Corporations Government Companies
When organizing a new business, one of the most important decisions to be made is choosing the structure of a business
Corporations
Joint Stock Company Public Corporations Government Companies
The individual entrepreneur supplies the entire capital, employs labor and machine Individual uses his own skill in the management of affairs and is solely responsible for the good or bad result of its operation and working
Corporations
Joint Stock Company Public Corporations Government Companies
Partnerships
Corporations
Joint Stock Company Public Corporations Government Companies
Two or more persons come together and start a business with their own funds, the parties agree to share the profits as well as bear the losses in the agreed proportion.
Partnerships
Corporations
Joint Stock Company Public Corporations Government Companies
Partnerships are relatively easy to establish, however time should be invested in developing the agreement
With more than one owner, the ability to raise funds may be increased The profits from the business flow directly through to the partners personal taxes Prospective employees may be attracted to the business if given the incentive to become a partner
Partners are jointly and individually liable for the actions of the other partners
Profits and decisions must be shared with others, disagreements can occur Some employee benefits are not deductible from business income on tax returns The partnerships have a limited life; it may end upon a partner withdrawal or death
Corporations
Joint Stock Company Public Corporations Government Companies
A corporation is considered by law to be unique entity, separate and apart from those who own it A corporation can be taxed, sued, or enter into contractual agreements
Corporations
DEMERITS
The process of incorporation requires ,ore time and money than other organization forms
Corporations
Joint Stock Company Public Corporations Government Companies
Generally, shareholders can Corporations are monitored by only be held accountable for state and some local agencies their investment in stock of the company Corporations can raise additional funds through the sale of stock A corporation may deduct the cost of benefits it provides to officers and employees Incorporating may result in higher overall taxes Dividends paid to shareholders are not deductible from busn income, thus can be taxed twice
Corporations
Capital is contributed by a large number of person in the form of shares of different values
Private Limited Company Public Limited Company
Corporations
Corporations
Corporations
Joint Stock Company
Public Corporations
Government Companies
Wholly owned by the Government. It is usually established by a Special Act of the parliament Special statute also prescribes its management pattern power duties and jurisdictions
Corporations
Joint Stock Company
Public Corporations
Government Companies
More flexibility as compared to Public corporations possess departmental organization monopoly & in the absence of competition, these are not Since the management is in interested in adopting new the hands of experienced & techniques & in making capable managers, these are managed more efficiently than improvements in their work that of government departments
Corporations
Joint Stock Company Public Corporations
Share capital is held by the government or partly by government and partly by one or more state government Managed by the elected board of directors which may include private individuals
Government Companies
It is easy to form
Corporations
Joint Stock Company Public Corporations
The directors of a government company are free to take decisions & are not bound by certain rigid rules and regulation
Government Companies
EXTERNAL
MICRO Environment
INTERNAL Environment
On the basis of the extent of intimacy with the firm, the environmental factors may be classified into different types namely internal and external
EXTERNAL
MICRO Environment
INTERNAL Environment
EXTERNAL
MICRO Environment
INTERNAL Environment
EXTERNAL
MICRO Environment
INTERNAL Environment
EXTERNAL
MICRO Environment
INTERNAL Environment
EXTERNAL
MICRO Environment
INTERNAL Environment
EXTERNAL
MICRO Environment
INTERNAL Environment
They say that dedicating is one of the most beautiful acts of love one can perform.
I would argue that it is even more beautiful to dedicate this to you without saying my name
END OF PRESENTATION