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Document Details

InestimableNonagon

Uploaded by InestimableNonagon

UERMMMCI College of Medicine

Prof Gerona

Tags

sole proprietorship business structure entrepreneurship business

Summary

This document discusses sole proprietorship as a business structure. It highlights the advantages (being your own boss, easy to start) and disadvantages (unlimited liability, limited life) of this business model. It also describes the process for setting one up.

Full Transcript

Developing an All About By: Entrepreneurial Mindset Limited Partnership - has 1.T-D indicating the partnership. Business Prof Gerona Different Principles of Effectuation: Sarah Sara natty â—¦ Sole Effectuation can be used in education to support self-efficacy and process Proprietorship - a form of Bus...

Developing an All About By: Entrepreneurial Mindset Limited Partnership - has 1.T-D indicating the partnership. Business Prof Gerona Different Principles of Effectuation: Sarah Sara natty â—¦ Sole Effectuation can be used in education to support self-efficacy and process Proprietorship - a form of Business that is owned organiza tion Corporation - It is an and controlled by one person. of law, having ex: Online the artificial rights attributes, expressly shop to its - Register name DTI - Apply Business permit - Register in of Being Be your own Boss - Easy to stab - Creditors own control for one person - liability - No go after your personal Limited to 1. DTI put up a sole BIR properties. corporation: Preferred Stock -... successes but they can deny the position. succession (since it is SP) again.. How to sec 2.) Business Office for Business Permit. Corporation- a one person Corporation (DPC) has a of a trust entity. Business. â—¦ One Person Corporation One persons bind industry profits - limited to 1. Go to 2. Go 2.) contract themselves into a of of partnership, two to common contribute fund with the money intension or more property, or to themselves. Partnership as to ownership sec to Mayors Office Co - partnership. for Business Permit. BIR Registration Partnership is solely Office Co - partnership. for Business Permit. BIR Registration Cooperative benefits of its members. R.A. 9520-a cooperative as an and duly registration - Home to register to the cooperative Development Authority. - can be non profit. Service-the term used to describe all the activities and processes that * and fill up Articles of Autonomous and fill up Articles of Mayors succession. Put-up a Partnership: 1. Go to 2- Go still needs 5 people to operate - According to Article 3 of Put-up a Partnership: to to - for the partnership sec divide rights to How 2.) partnership General How the among â—¦ Two types - by for profit. together for customer through enable service the creation of value delivery. - Is intangeable Partnership Contribute in the ff... - Restaurants are categorical as a service industry. Money - capitalist partner â—¦ property _ â—¦ Industry - Management Industrial Partner Trading - A business buys a finished goods, put on a partner - mark-up and contributes in managing Example: re-sell it in retail or in wholesale basis to the general public Wholesaler Manufacturing- where silent /Dormant Capitalist 3.) Pilot in the phan principle - you dont have to be a control freak. - you are the controller of your own self. a) Crazy Quilt Principle - make most out of network focus on building partnerships rather than beating competitors. Partner- contributes only Money Entering into new partnerships can bring the project new funds - Affordable loss Principles - Accept Business that you can easily let go. You should only invest as much as you are willing to lose BIR Registration â—¦ One Person pangalan na Mistakes and surprises are inevitable and can be used to look for new opportunities. Co - partnership. a single stockholder who can either be a natural person, estate or the subject Sartnership- - Principle - Turn unelected mishaps to profitable and new directions. and fill up Articles of Mayors You have to create solutions with the resources available 2.) lemonade 5.) to the entrepreneur begins to imagine possibilities and here and now. Put-up a Partnership: 1. Go to Drop? 2. Go ka - - life Registration Bawal ang may 1.) Bird in hand principles - Looking inside, reflecting who you are , what I know, who you know, What your strengths take action. permit 3. Five Effectual Principle Conditions: â—¦ the one with the Bigger stock always Registration 2.. Go to mayors office for incident - Common Stocks - Owner of the actual Business. â—¦ Have to register How or -in a corporation has rights of sus cession therefore, when one member dies it still on going. Disadvantage: Unlimited law Board of Directors in - - by corporation B.I. R Advantages operation - - Ask for receipt - Full created by succession, powers authorized existence. - is an artificial being understanding by letting the students identify the next, best step in order to solve the problem that they work with. (inputs) come to satisfy - Example: the together people, raw material, and equipment through a process to much of the customers. produce a product.

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