Processes of long-term political and economic change Public economics Economics of land, development and Pplanning Please note that all modules are subject to change.
List of business entities Forms of business ownership vary by jurisdictionbut several common entities exist: A sole proprietorshipalso known as a sole trader, is owned by one person and operates for their benefit.
The owner operates the business alone and may hire employees. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgments against the business.
All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventorymanufacturing equipment, or retail fixturesas well as any real property owned by the sole proprietor.
A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business.
The three most prevalent types of for-profit partnerships are general partnershipslimited partnershipsand limited liability partnerships. The owners of a corporation have limited liability and the business has a separate legal personality from its owners.
Corporations can be either government-owned or privately owned, and they can organize either for profit or as nonprofit organizations. A privately owned, for-profit corporation is owned by its shareholderswho elect a board of directors to direct the corporation and hire its managerial staff.
A privately owned, for-profit corporation can be either privately held by a small group of individuals, or publicly heldwith publicly traded shares listed on a stock exchange. Often referred to as a "co-op", a cooperative is a limited-liability business that can organize as for-profit or not-for-profit.
A cooperative differs from a corporation in that it has members, not shareholders, and they share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy. Limited liability companies LLClimited liability partnerships, and other specific types of business organization protect their owners or shareholders from business failure by doing business under a separate legal entity with certain legal protections.
In contrast, unincorporated businesses or persons working on their own are usually not as protected. A franchise is a system in which entrepreneurs purchase the rights to open and run a business from a larger corporation.
One out of twelve retail businesses in the United States are franchised and 8 million people are employed in a franchised business. Commonly used where companies are formed for noncommercial purposes, such as clubs or charities.
The members guarantee the payment of certain usually nominal amounts if the company goes into insolvent liquidationbut otherwise, they have no economic rights in relation to the company.Located in Columbia and home to more than 16 business programs, The Moore School has a history of innovative educational leadership, blending academic preparation with real-world experience through internships, consulting projects, study abroad programs and entrepreneurial opportunities.
Representing a broad range of management subjects, the ICMR Case Collection provides teachers, corporate trainers, and management professionals with a variety of teaching and reference material. The collection consists of Business Strategy case studies and research reports on a wide range of companies and industries - both Indian and international, cases won awards in varies competitions, .
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Economics case studies. Covering micro as well as macro economics, some of IBSCDC's case studies require a prior understanding of certain economic concepts, while many case studies can be used to derive the underlying economic concepts.
Established in , the College of Business and Economics at the University of Guelph is committed to developing leaders with a social conscience, an environmental sensibility and . This article needs additional citations for verification.
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