IEE220_Chap_3

IEE220_Chap_3 - Click to edit Master subtitle style Chapter...

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Unformatted text preview: Click to edit Master subtitle style Chapter 3 IEE 220 Engineering and Business Chapter 3: Forms of Business Ownership Chapter 3 Small Business Statistics Small businesses create 75% of new jobs 99.7% of business are considered small 50.1% of the private workforce 97% of all US exporters Chapter 3 22 Chapter 3 Chapter 3 33 Keys Points When Starting a Business Do you have enough capital ? Do you understand the risks ? Will you have control ? Do you have the skills necessary ? Do you have enough time ? Do you know how the business profits will be taxed ? How can you protect personal assets ? Chapter 3 Chapter 3 44 Key Documents Sole Proprietorships Partnerships Partnership Agreement Limited Liability Companies Operating Agreement Corporations Articles of Incorporation Chapter 3 Chapter 3 55 Corporate Concepts Type of corporation Domestic and foreign Boards of directors must, by law, act with Duty of care...
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IEE220_Chap_3 - Click to edit Master subtitle style Chapter...

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