The Basic Patterns Of Business Ownership

There are different businesses in the community.They are in different operations; some of them are engaged in buy and sell, others are engaged in different services while others are engaged in the manufacturing or production businesses.

Different businesses have their different forms of ownership.Some comes in the form of sole or single proprietorship; others are in the form of partnership; others are in the form of corporation and others are in the form of cooperative.These forms of ownership are different in many factors; they differ from the ownership type, they differ in the division of labor, they differ in the amount of capital that is needed and they differ in many else.

The Sole or Single type of proprietorship is owned and operated by a single owner.This is considered as the simplest as well as the oldest form of business ownership.This type of ownership can be easily established even on a small or little amount of capital.

Most of the small businesses that we can found in the community are in this type of ownership.

The Partnership is owned and operated by business partners either of two to four individuals.In this type of ownership, the co-owners are jointly accountable for the business; in contributing capital for the business, in the property, in time and in energy.With this the owners agree to equally divide whatever profit is derived from their business.

The Partnership form of ownership is more complex as compared to the sole or single form of ownership.Every owner may handle one phase of the business depending upon his/her knowledge or skills.

The Corporation type of ownership is owned and operated by 5 up to 15 individuals.This form of ownership has unique characteristics; independence, the limited owner’s capability and performance.In this form, the owners and the business is considered as two different entities and the actual management may be handled by the other people.The Corporation type of ownership is subject to more government control.

The cooperative form of ownership is owned and operated by consumers residing in a certain area.This type of ownership is composed of about twenty five or more individuals.The purchasing power of these owners are pooled together which enables to purchase goods as well as services at a lower price.

Different types of ownership differs from each other on its form; an entrepreneur should choose what type of ownership he/she want to acquire, whether he/she wanted to have partner or partners in business or to be a sole proprietor in the business.

Article Written by varron

I am a freelance online writer


Post Your Comment

Related Articles

  • Importance, Styles And Proportion In Writing Letters (Lettering)

    The origin of lettering can be traced back in the time of the Egyptian when they started to write using pictures in the 10th century; their writing is called as hieroglyphics. Another development in writing as well as in lettering happened when the Phoenicians developed their 22 letters; they called this as the cuneiform form of writing.

    The ancient Greeks also contributed as they introduced the Greek alphabet called as the Boustrophedon. Today, we are using the present day alphabet which was introduced by the Romans.

  • Narration Type Of Composition; Classification And Elements

    There are many kinds of composition and one of these is the narration composition.

    The narration is a kind of composition in which the events either it is an imagined events or a real one is recounted. In here, the events are presented according to the order of their occurrence or arrange according to the order of time.

    The two general classification of narration are the objective narration also called as the narration of fact and the subjective narration also called as the purely imaginative narration.

  • The Characteristics And Patterns Of The Social Learning Theory

    There are many theories in learning and one of these theories is the Social Learning Theory.

    The major proponent of Social Learning Theory is Bandura through his Observation and Imitation Theory. According to this theory, learners learn through the way of observation as well as through the way of imitation.

    The Social Learning Theory has these characteristics: Observational Learning, Vicarious Learning and Self-Regulated Learning.

  • The Relation Of Ethics To Psychology, Logic, Sociology And Economics

    The Science of Ethics is greatly concerned with the study of the human conduct and how man behaves or acts in accordance with morality. For this reason it is evident that the Ethical science is also related to some other sciences that also deal with the study of the human nature as well as in human living. Among of this sciences are Logic, Psychology, Sociology, and Economics.

  • The Islam Religion In The Philippines

    The Arabs were the first people who introduced Islam in the Philippines. The first Arabs who arrived in the Islands eventually traded with the Chinese way back in the time of the Sung Dynasty (960 – 1280). Then came the Muslim missionaries from the places of Malacca, Jahore and Borneo that came to the Philippines with the Islam religion.

    Based on the “Tarsila” or the genealogies, the first one who introduced, Islam in the country was Tuan Mashaika who married the daughter of Raja Sipad of Patikol in Buansa ( currently Jolo island).

  • Environmental And Social Factors That Affects Stress

    The Social Factor

    It is very important to have humor in life because it is an essential part of stress management. Based on the research, it was found that inadequate social interactions can affect individual stress. Social interaction among people such as hugging or other forms of human contact are significant in reducing the physical effects of stress.

    It is recommended for an individual to participate in different social activities, such as in sports and in different social organizations wherein you can meet several people.

  • Harmful Effects On The Ecosystem Due To Human Activities

    The environment becomes polluted because of some of human activities which produce much waste or pollutants. Environmental pollution pollutes some parts of our land water and air and because of these our planet is now in danger.

    Improper disposal of waste is one of the causes of the land pollution as well as the existence of non-biodegradable materials in our environment. Another thing is the existence of the open dump sites. These areas become the breeding grounds for the rats and flies as well as of some harmful microorganisms.

  • The Different Classifications Of Evidences

    To prove something, one must show evidence. Evidence makes us determine the reality about a certain fact whether it is true or not.

    Evidence is which tends to prove or disapprove something. There are different classifications of evidence namely; the Direct Evidence, the Indirect or Circumstantial Evidence, Real Evidence, Personal Evidence, Original Evidence and Unoriginal Evidence or Hearsay Evidence.

  • The Negative Effects Of Pollution In A Natural Environment

    People used to drop waste materials, including food wastes, where they had eaten it. In return, bacterial action decomposed this waste and returned the minerals into the soils. When population began to increase, more and more waste materials could be produced, either biodegradable or non-biodegradable.

  • The Factors That Affect Weather Condition

    There are several elements that affect the weather condition. These factors are the temperature, the wind, the air moisture, the cloudiness and rain and the atmospheric pressure.

    The temperatures of the atmosphere naturally change. This change in the temperature affects the weather condition in a particular place and time. The temperature begins to rise after the sunrise and it will begin to fall before the sunset.