OWNERSHIP AND ORGANIZATION

It is a form of business organization initiated, organized, owned or capitalized, and managed by a single person

• Partnership

• Sole Proprietorship

• Corporation

• Single Proprietorship

One of the things to consider in selecting the best legal form of organization that will minimize the total tax load imposed on the business.

• Taxation

• Financing

• Incentives

• Management

A type of partner that are neither active in the partnership nor they are generally known to be associated with the business

• Dominant Partner

• Managing Partner

• Secret Partner

• Silent Partners

An artificial being, invisible, intangible, and exists only in contemplation of law. Owners are stockholders who can sell their interests without affecting the continuity of its operation

• Limited Partnership

• General Partnership

• Corporation

• Cooperative

This is the partner who contributes his knowledge or personal services to the partnership.

• Capitalist Partner

• Industrial Partner

• Liquidating Partner

• Dominant Partner

An association of two or more business partners who co-own a business for the purpose of making a profit

• Nominal Partner or Partner By Estoppel

• Corporation

• General Partner

• Partnership

Duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve a lawful common social or economic end

• Corporation

• Open and Voluntary Membership

• Cooperative

• Limited Partners

One of the things to consider in selecting the best legal form of organization that states how much money is needed to start or purchase the business and what sources might provide it

• Incentives

• Ownership

• Management

• Financing

Refers to partners with limited financial ability and they do not take active role in the management of the firm.

• Industrial Partner

• Limited Partners

• Capitalist Partner

• Managing Partner

One of the principle of cooperative that states that net surplus arising out of the operations of cooperative belongs to its members and shall be equitably distributed

• Division on Net Surplus

• Cooperative Education

• Limited Interest on Capital

• Democratic Control