Unit 2 - Business Organizations
Unit 2 - Business Organizations
Unit 2 - Business Organizations
ORGANIZATIONS
ORGANIZATION, OPERATIONS, REGULATION, SAMPLES
APPREHENSIONS REGARDING BUSINESS
FORMS OF
SINGLE
BUSINESS PROPRIETORSHIP
PARTNERSHIP
ORGANIZATIONS
According to Organization
CORPORATION
SINGLE PROPRIETORSHIP
• Single owner
• The business is the owner
ADVANTAGES DISADVANTAGES
NOTE: Once the owner of a single proprietorship dies, whoever takes over
the business must re-register with the Department of Trade and Industry.
SINGLE PROPRIETORSHIPS
Gordon Bowker
Jerry Baldwin
Zev Siegl
1971
PARTNERSHIPS
Steve Jobs
Steve Wozniak
Ronald Wayne
1976
PARTNERSHIPS
Founded: 1942
Socorro Ramos & Jose Ramos
CORPORATIONS
• Business organized as a separate legal entity
• Ownership divided into transferable shares of stocks
• Owners = stockholders or shareholders each with a stock
certificate
• Voting rights proportionate on percentage of ownership
• Management of the business is delegated to the Board of
Directors
ADVANTAGES CHALLENGES
• Tax exemption privilege • Limited distribution of surplus
• Promotes concept of • Requires continuous education
sharing resource programs for members
• Requires active and direct
participation
COOPERATIVES
Zenaida Maranan
President
FEJODAP
COOPERATIVES
Federation of Manila
Public School
Teachers
COOPERATIVES