types of companies
DESCRIPTION
A presentation explaining the different types of companies existing in the USATRANSCRIPT
2) Companies
2) Companies Chapter 1: The World of Work1What is a company? Definition:It is a business organization whose aim is gaining profits through the production and retailing of products or services. It can be founded by one person or a collection of people. Whats a company? True or False?A company can be created by one personTrueA companys aim is to make profitTrueA company is considered as a person TrueA company is the same thing as a societyFalseThe CorporationCharacteristics:Is distinct from its owners Is managed by a Board of DirectorsHas transferable ownership rightsCan acquire capital by selling sharesHas a continuous life
Corporation managementseparation of ownership and managementGovernment regulationsAdditional taxes
Structure of a corporation:
Structure of a corporationDay to day operations
Identifies and manages corporate risks
Oversees management
Makes decisions in the interests of the shareholdersElect the directors
Invest in the companyThe Limited Liability Company (LLC)Characteristics:
Well suited for a single ownerFlexible in managementLess administrative paperworkProtects from personal loss
More taxes
The Sole ProprietorshipCharacteristics:is owned and run by one personNo legal distinction between the owner and the businessFew government rules and regulationsHigh degree of flexibility
No protection against personal lossLimited lifetime
The PartnershipCharacteristics:
Is owned and run by several peopleSame advantages and drawbacks as the Sole Proprietorship
The Joint Venture Characteristics:
Two or more companies form a new company with specific objectivesshare their assets for the new one (increased capacity)enter new markets Share risks and profits
High rate of dissolution (within 4 years)No liability protectionLimited lifetime
What is a company logo?Definition:
A company logo is a vital way of communicating about what the company is all about. It also helps a company stand out from its competitors so it has to be unique, it has to create an emotion and it has to send the right message.
Company Logos
Understanding company logos
Logo Disasters