Bus210 Appendix G

Appendix G Week 2. Checkpoint Business Organizations options Resource Ch. 2 of Introduction to Business Task Write a 200- to 300-word explanation of a business scenario, either real or fictional, that depicts each of the avocation forms of business organization Joint Stock Company As a Joint Stock Company I have Chosen The British East India Company. It was granted a royal charter in 1600 with the pattern of securing trade with India for England by Elizabeth I.A Joint Stock company has two or more individuals possess both the sh bes of a company. Shargons of stock argon given in return for each financial contribution and the shareholders are free to transfer their ownership at any time by selling their shares to other share holders. These are known as individual(a) companies and the shares are not open to public sale or trading. whatever corporate losses have to be paid by the shareholders so there is unlimited liability. Encyclopedia Britannica) Limited Liability Company f undamentally a limited liability corporation means if the company goes tumesce up, the wealth, and possessions of the owners cannot be taken to repay any debts of the business, only assets in the reference of the business can be used to pay off the debt. To my bewilderment I found that McDonalds is a Limited Liability Corporation. (McDonalds, LLC Corporate home) league A partnership is just as it sounds two, or more, people own a business equally.They share all responsibility for the business amid them. An example of a Partnership could be the original Johnson and Johnson Company. Now it is a LLC and sells stock, but originally it was a very small company started by 3 brothers in 1886 making surgical dressings. When originally started this was a partnership. (Johnson &Johnson ) fix Proprietorship A sole proprietorship is a one human being show. Owned, operated, and responsible for all debts by one person.This does not mean they top executive not have employees, but all the o perations of the business are the responsibility of the owner. A good example of this that we might know of is The Dallas Cowboys. Jerry Jones owns the stadium, the team, and the contracts with the players, and all the rights to the team and the name including the cheerleaders name. (NFL 2011) National Football League Dallas Cowboys. com Johnson and Johnson Corporation McDonalds the States Encyclopedia Britannica inc. copyright 2011