Forms of Business Ownership and Management Essay by JPWrite

A paper outlining the different types of business ownerships and what is involved in the management of a business.
# 66862 | 1,926 words | 12 sources | MLA | 2006 | US
Published on Jun 21, 2006 in Business (Management) , Business (General)

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This paper explains that there are three types of business ownerships: sole proprietorship, partnership and a corporation; and then takes a look at what is required of a business manager in any type of business. The paper describes the major components of a business, detailing the many and varied responsibilities of the business manager and how they relate to these components. The paper also points out that one of the roles of the business manager involves being responsible for important decisions.

Table of Contents
Forms of Business Ownership
The Corporation
Major Components of a Business
Personnel Management
The Task of Management
Administration and Organization
Relations with Government

From the Paper:

"The major advantage of the corporate form of ownership is that investors can limit their personal liability to the amount of money they have invested. If the corporation goes bankrupt [5], they can lose no more than they have put in. Another advantage is that money to run the business is usually obtained by the sale of stock, or ownership, to the general public; this makes raising money for operations easier and enables the corporation to exist independently of its owners. Corporations also find it easier to borrow money. Perhaps most important, the size of most corporations allows them to hire professional managers or administrators to run them."

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