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The firm ant it's environment - Coggle Diagram
The firm ant it's environment
Business
Companies
Nationalised companies
Private companies
Large firms
Entrepreneur
A sole proprietorship
Advantages
Easy to organize
Decisions are quickly
Disadvantages
Limited Liabilities
Personal property
Partnership
Advantages
Decisions are quickly
Easy to organize
Disadvantages
Responsible for debts
Unlimited liability
Corpotation
Charter of incorporation
Issues shares of stock
Stockholders
A board of directors
Manage resources
Dividends
Corporation
Advantages
Limited liability
Raise a lot of money
Sell bonds and stocks
The rate of return on stocks
Unlimited life
Ease of ownership transfer
Disadvantages
Complex document forms
Profits / Double taxation
The share of dividends are small
Not a direct control
Managment
Own shares of stock
Day-to-day running
Organizational structure
Hierarchical
Britain
Private limited companies
Venture capital institutions
America
Securities and Exchange Commission
Founders
Memorandum of Association
Articles of Assosiation