BUSINESS STRUCTURE

KSI VS logan paul

Chain of a business Structure

Private Sector

Public Limited Company

Limited Liability

Private Limited CORAporation

Sometimes called as family corporation

An example is Comcast

Shares of the company are often owned by the family members and close relatives and friends

Limited Liability: Owner and company are separate entities

Continuity in the event of death

The liability of the shareholders are up to their investments

Public Sector

Owned and controlled by the government

An example is New Prosperity Plastic Products

Shares can be sold publicly

In terms of acquisition investment, it is easier to purchase shares from the company.

Government revenue comes as tax used to help our environment

Usually a larger Corporation

There is continuity

Risk of takeover, as shares are publicly sold

Sole traders

Partnership

Corporation

The owner is the business

Unlimited Liability

If one partner dies or goes bankrupt, the partnership will end

It is up to the owner's assets

Unlimited liability: The partnership and owners are considered a single entity.

Corporated business

If the owner dies the business dies

Deed of Partnership: A form of agreement made by the partners of the business.

Share the profit

They divide the profit and losses based on their agreement

legal formalities of setting up a corporation:

Memorandum of Association

click to edit

click to edit

click to edit

click to edit

Articles of Association

click to edit

click to edit

click to edit

Name of the company

click to edit

Management and Workforce

click to edit

click to edit

click to edit

click to edit

z

click to edit

Address of the head office

Aims of the business

Maximum share capital of the company

click to edit

click to edit

click to edit

click to edit

click to edit

click to edit

click to edit

click to edit

Direct tax

click to edit

click to edit

click to edit

click to edit

click to edit

Indirect tax

click to edit

click to edit

Tax on income & wealth

click to edit

click to edit

Tax on goods & services

click to edit

click to edit

click to edit

Unincorporated business

click to edit

click to edit

click to edit

click to edit

Franchise Business

I love this peacock.

Joint Venture

Holding Companies

Owner keeps all profits

Cooperatives

Co-operation

click to edit

click to edit

click to edit

click to edit

click to edit

click to edit

click to edit