Business Structures
A business structure with only one owner
A Sole propriatorship
Who gets all the debt in a partnerships
The partners
Sole trader
1
What is an example of a Sole trader?
Dog walker/ baby sitter/ Tutor/ Tradie
Business
A company owned by someone with the intention of earning a profit
A business structure with many shareholders
Coroporation!
Who makes the important decisions in a Sole tradership?
The owner
Partnership
2- 20
What is an example of a partnership?
Uber Au/ Warner bros./ Hindley & Associates
Lawfirms...
Shareholder
Someone who holds a percentage of a company/ business
A business structure that has a parent business?
Franchise!
What's 1 advantage of a franchise?
You get all the resources and marketing tips whilst selling items at a higher price $$
Franchise
Trick question..... 1 parent 1 independent
What is an example of a franchise?
Boost Juice /red rooster /Nandos/ McDonald/ HJ's
Debt
a sum of money that is owed to someone
A business structure where 2 or more people start it together
Partnership!
What kind of business structure is Spudshed?
Coporation!
Cooperative
5+
what is an example of a cooperative?
Wesfarmers/ Kellerberrin Farmers Co./ Ord River Co.
Liability
the state of being legally responsible for something.
A business structure that farmers tend to go with
Cooperative!
Give 1 disadvantage to being a shareholder in a corporation
Too many people, not enough profit!
Corporation
Many, because of....
What is an example of a Corporation?
Arnott's/ Rio Tinto/ NAB
Asset
an item of property owned by a person or company, regarded as having value