ch05PPP - Chapter 5 Forms of Business Ownership and...

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Forms of Business Ownership  and Organization Chapter 5
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Distinguish between small and large  businesses. Discuss the contributions of small  businesses to the economy. Discuss the survival rate of small  businesses. Describe the features of an effective  business plan. Describe funding opportunities for small  businesses, including the role of the  Small Business Administration. Explain how franchising can provide  opportunities for both franchisors and  franchisees. 1 Learning Goals Outline the three main legal forms of  business ownership and summarize  the features of businesses owned by  employees and families, as well as  not-for-profit organizations. Describe public and collective  (cooperative) business ownership. Identify types of corporations and  the levels of corporate management. Describe mergers, acquisitions, and  joint ventures. 2 3 4 5 6 7 8 9 10
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90% of firms with employees have fewer than 20  people on staff. 98% have fewer than 100 employees More than 20 million people in the United States  earn business income without employees. Almost ½ the sales in the United States are made by  small businesses. Small businesses generated 60%--80% of new jobs  over the last decade. Small businesses are a launching pad for  entrepreneurs and encourage the prevalence of  minorities. Most Businesses are Small  Businesses
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The  Small Business Administration  defines a small  business to be a firm that is independently owned and  operated and is not dominant in the field.
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This note was uploaded on 02/13/2012 for the course ART HISTOR 105 taught by Professor Kenfield during the Spring '11 term at Rutgers.

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ch05PPP - Chapter 5 Forms of Business Ownership and...

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