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

Rules and Regulations must Be Followed At All Times

This is mandatory whether a house rules or in the company. We do always follow the rules and regulations and no one should be bending it. There's no exceptions no one. Sometimes we do not follow rules and regulations sometimes we bending it for our own benefit. And I bet you do some nasty things in life. That you end up grounded by your parents. And definitely I'm not exempted to that. Like years ago I was new to the dorms that I didn't know that at 10 PM strictly not allowed outside the room or facility. But my friend and I went outside and we don't bring a key and guess what we were grounded and just sleep inside the gate. Fortunately some friends stayed with us even they have a duty at 6am. That's how good friends are there in times of need they are there. And you don't need to be rich or top but surround yourself that will uplifting your mode and inspire you to do your best. Even in the down time. That's why rules and regulations are pretty impor

Is It Really Okay To Give Up Some Things?

Sometimes, we do have things that does not necessarily we do have it. So when we invest or to buy something it falls to the needs. Because if not is only stuck in there. It's not only your using money but also makes you drain. So before you buy or purchase anything make sure that you need it. Not just for display only. But sometimes giving up means you have to give up because you can't go on. It's too much for a burden. You might ask me that. What happen to the hard work or the effort you put in. The time and money. Sometimes giving something makes you feel less but also you have to make sure that it won't happen again. Learn your mistakes. I know that it is not easy to do it. But you can be sad everyday because of the things that you want to hold but you can't actually keep it. But rather it will make you feel miserable everyday. So choose the best one and be happy.

How Do you Know The Person Is Real

Everyday you meet different people or in the community or in group pages. But the question is that a person is really exist. Or trying to get some pictures and become their profile picts. Anyway if you want to know that person is real or its really exist. Is when they have a Facebook account and Twitter or LinkedIn and Google or YouTube. If that person has all these accounts at least you know they are real. Facebook has a live video streaming as well as Twitter and of course YouTube there's a live streaming. So choose your friends and be connected to everyone. It's fun to have friends. Miles apart near in the ♥ heart.

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