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Forms of Business Ownership

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by

XINMIN JIA

on 11 September 2015

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Transcript of Forms of Business Ownership

Michael YoYo Ray Michelle
Forms of Business Ownership
Less good advices
No supervise
Easy to make mistake
stress
Partnership
Partnership-Advantage
Partnership-Advantage
Easier to from, manage and run
Partnership-Advantage
Share the decision making

More business idea

The solving of problems
Sole proprietor

Sole proprietor- Advantage
Make all decision
Control the profit
Most powerful
Sole proprietor- Disadvantage
Capital

Flexibility

Shared Responsibility

Decision Making
Partnership-Advantage

Capital
physical capital
technological knowledge
Flexibility & Shared Responsibility
Decision Making
Partnership-Disadvantage
Partnership-Disadvantage
Too much debt

Life limited

Disperse power

Cooperation break-up
HOW
Select the right partner
to run a restaurant with a partner
Agree on your business goal
HOW
to run a restaurant with a partner
Outline ownership stakes

Clarify partner roles

Get a partnership agreement in writing
Thank You
Question Time
Business option
Full transcript