Business Structure

Aside from the type of scale of products and services you want to offer, the way your business is organized also determines the ownership structure and owners liability. There are four types of business. Here are the followings.

1. Sole Proprietorship. You as the sole proprietors, usually invest your own time and money, and are the only liable for the business debts and obligations.

2. Partnership the business is own by two or more partners, who share the business capital, powers and responsibilities and liabilities. It has a legal entity separate and distinct from that of the owners. The partnership is terminated when a partner dies or leaves the business.

3. Corporation Capital is raised by selling stocks, or shares in company ownership. The corporation's debts are separate and not transferable to its shareholders. In the Philippines a corporation requires at least five incorporators. It continues to exist and operate even when its owners change.

4. Cooperative. Control is shared equally by its members. A cooperative has limited liability, i.e. the liability of each member cannot be more than his investment or contribution into the co-op. A cooperative is an autonomous organization and cannot be dominated by a single entity or a group.

So here you go before you start your business at least you know what type of business you are in.

Comments

Unexpected Happened

All our itenerary is base on our calendar or our availability. And sometimes we do some planning. In all our efforts is we put on our trip or whatever it is all about. But suddenly it will cancel for whatever reason. That's not okay. Sometimes if it's happen for a reason. So move on and go own with your life. But the most amazing and surprising things to do is that surprise your family rousing them to bed packed your bag and go somewhere for a day. And don't let them change their dress and put them on the car. You will be surprise this is truly memorable and even in a lifetime. I know someone did this he and he's nanny prepare for everything the foods and surprise the family rousing them to bed and go to the beach there's no clothes to change. And the resort no dress there available except for some shirt. That would be fun. You don't need to be rich for fun but it will truly memorable. Planning is a great one but if everything else is failed then go for...

Is Really Okay To Be Friends With Your Ex?

For months I've been bragged by this questions I believed its out of my topic so is this really related to my blog since its concerns with the ex. My answer to the question definitely yes. You might tell me that ex is irrelevant to your life since he/she's gone. Because no matter how painful your separation its should be remains to be friends especially if you have children together then set aside your personal agenda instead for the sake of your children. What if you have no children together is it still applied definitely as long as in good terms but you can be friends but not to the point you annoyed your ex everyday or you find yourself to be blocked. Just be nice to your ex. How about you? Is it okay to be friends with your Ex

When Renting A Space

When your ready and exciting to start your business but you don't have a space yet, that's where you need a broker to look for your space and how much you need for your business. At the start you need to minimize your space and how long you've been renting let say one (1) year contract or 5 years contract or after that time you would be able to purchase your own space. Or to expand your business. There's so many possibility to happen during those times. That's why you need to be realistic. If you lease more space than your business requires, your monthly rent could consume an excessive chunk of your precious resources.

Entrepreneur/Inspiration

Search This Blog