Types of Business Organization
02
Curipod lesson about topic "Types of Business Organization"
cemarshall1
Updated 5 months ago
1. Word cloud
120 seconds
Name at least two different types of business organization
2. Slide
60 seconds
"The students will be able to compare types of business organizations and understand the risks/rewards of small business ownership.
SOLE PROPRIETORSHIP.
LIMITED LIABILITY COMPANY
PARTNERSHIP
GENERAL PARTNERSHIP
LIMITED PARTNERSHIP
CORPORATION
OTHER TYPES. S-CORPORATION. LIMITED LIABILITY (LLC)
Learning objective:
3. Slide
60 seconds
Common types include sole proprietorship, partnership, and corporation. Each type has its own advantages and disadvantages. Legal and tax considerations vary by type.
Types of Business Organization
4. Slide
60 seconds
sole proprietorship: A business owned and run by one individual with no distinction between the business and the owner. partnership: A business with two or more owners who share responsibility for the company's management and liabilities. corporation: A legal entity that is separate from its owners, that limits the liability of its owners, and that may be taxed separately.
Concepts:
5. Open question
660 seconds
Work together in pairs: What are the risks and rewards of owning a small business?
6. Open question
660 seconds
Work together in pairs: What are the three main types of business organizations and what are the differences between them?
7. Slide
60 seconds
8. Slide
60 seconds
9. Slide
60 seconds
10. Slide
60 seconds
The oldest known corporation is the Stora Kopparberg mining community in Falun, Sweden, which dates back to 1288. The oldest sole proprietorship still in business is La Couronne, a restaurant in France founded in 1776. Partnerships are often referred to as 'silent partners' because their owners do not take an active role in the business.
Fun facts:
11. Slide
60 seconds
12. Slide
60 seconds
13. Slide
60 seconds
14. Drawings
450 seconds
Brain break: Draw a portrait of your favorite person riding a unicorn through a city made of pizza!
15. Slide
60 seconds
16. Slide
60 seconds
17. Slide
60 seconds
18. Slide
60 seconds
19. Poll
300 seconds
What type of business organization is owned and operated by one person?
- Sole Proprietorship
- Partnership
- Corporation
- Co-operative
20. Poll
300 seconds
What type of business organization is owned and operated by two or more people?
- Sole Proprietorship
- Partnership
- Corporation
- Co-operative
21. Poll
300 seconds
What type of business organization is owned by shareholders and has limited liability?
- Sole Proprietorship
- Partnership
- Corporation
- Co-operative
22. Slide
60 seconds
23. Poll
300 seconds
What type of business organization is owned by a group of people and has limited liability?
- Sole Proprietorship
- Partnership
- Corporation
- Co-operative
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