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Aysel Muradli
Firuza Safarova
Sama Belyani
Nigar Zeynalova
 Main forms of
business ownership
 Special forms of
business ownership
 Additional forms of
business ownership
2
3
Main forms
Sole
proprietorship
Partnership Corporation
 Definition
A business that is
owned by one
person.
 Most common in
retailing, service, and
agriculture.
4
•Sole proprietorship
•Partnership
•Corporation
Advantages
•Ease of Start-up and
Closure
•Pride of Ownership
•Retention of All Profits
•Flexibility of Being
Your Own Boss
•No Special Taxes
Disadvantages
•Unlimited Liability
•Lack of Continuity
•Lack of Money
•Limited Management
Skills
•Difficulty in Hiring
Employees
5
•Sole proprietorship
•Partnership
•Corporation
 Definition-
A voluntary
association of two
or more people to
act as co-owners of
business for profit
6
•Sole proprietorship
•Partnership
•Corporation
 General Partnership
Both Partners are liable for everything the business
does
 Limited Partnership
One or more general partners manage the business,
limited partners invest money
o Master limited partnership
Owned and managed like a corporation, but often
taxed like a partnership
7
•Sole proprietorship
•Partnership
•Corporation
Advantages
• Ease of Start-up
• Availability of Capital
and Credit
• Personal Interest
• Combined Business
Skills and Knowledge
• Retention of Profits
• No Special Taxes
Disadvantages
• Unlimited Liability
• Management
Disagreements
• Lack of Continuity
• Frozen Investment
8
•Sole proprietorship
•Partnership
•Corporation
Definition- An artificial person created by law,
with most of the legal rights of a real person.
1. Closed Corporation
Stock is owned by relatively few people and is not
sold to the general public.
2. Open Corporation
Stock can be bought and sold by any individual.
9
•Partnership
•Corporation
•Special forms
Advantages
• Limited Liability
• Ease of Raising Capital
• Ease of Transfer of
Ownership
• Perpetual Life
• Specialized Management
Disadvantages
• Difficulty and Expense of
Formation
• Government Regulation
and Increased Paperwork
• Conflict within the
Corporation
• Double Taxation
• Lack of Secrecy
10
•Partnership
•Corporation
•Special forms
S-corporation
LLC
Not-for-profit
corporation
11
S-corporation
Corporation
(limited
liability)
Partnership
(tax)
S
corporation
A corporation that is taxed as
though it were a partnership.
•Main forms
•S-Corporation
•LLC
12
 No more than 100 stockholders
 There can be no nonresident-alien
stockholders
 All stockholders must agree to the decision to
form S-corporation
S-corporation
Double taxation
Limited liability
Restriction on the number of owners/stockholder
•Main forms
•S-Corporation
•LLC
13
 A form of business ownership that combines
the benefits of a corporation and a
partnership while avoiding some of the
restrictions and disadvantages of those forms
of ownership
Limited-liability
companies
Double taxation
Limited liability
Restriction on the number of owners/stockholder
•S-Corporation
•LLC
•Non profit
14
 A corporation organized to provide a social,
educational, religious, or other service rather
than to earn a profit.
 Top 5 successful non profit organizations
 United Way
 Feed the Children
 Gifts in Kind
 Americares
 The Red Cross
Not-for profit
corporations
•LLC
•Non-profit corp.
•Additional forms
15
Cooperatives
Joint venture
Syndicates
16
Additional Forms of Business
Ownership
 A cooperative is an association of individuals
or firms whose purpose is to perform some
business function for its members.
 In Azerbaijan, coorperatives are mainly
formed in agriculture sector.
17
•Special forms
•Coorperatives
•Joint Venture
18
&
•Coorperatives
•Joint Venture
•Syndicates
A joint venture is an agreement between
two or more groups to form a business
entity in order to achieve a specific goal or
to operate for a specific period of time.
 A syndicate is a temporary association of
individuals or firms organized to per-form a
specific task that requires a large amount of
capital. Syndicates are used most commonly
to underwrite large insurance policies, loans,
and investments.
19
•Coorperatives
•Joint Venture
•Syndicates
Thank you for attention
20

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Forms of Ownership

  • 1. Aysel Muradli Firuza Safarova Sama Belyani Nigar Zeynalova
  • 2.  Main forms of business ownership  Special forms of business ownership  Additional forms of business ownership 2
  • 4.  Definition A business that is owned by one person.  Most common in retailing, service, and agriculture. 4 •Sole proprietorship •Partnership •Corporation
  • 5. Advantages •Ease of Start-up and Closure •Pride of Ownership •Retention of All Profits •Flexibility of Being Your Own Boss •No Special Taxes Disadvantages •Unlimited Liability •Lack of Continuity •Lack of Money •Limited Management Skills •Difficulty in Hiring Employees 5 •Sole proprietorship •Partnership •Corporation
  • 6.  Definition- A voluntary association of two or more people to act as co-owners of business for profit 6 •Sole proprietorship •Partnership •Corporation
  • 7.  General Partnership Both Partners are liable for everything the business does  Limited Partnership One or more general partners manage the business, limited partners invest money o Master limited partnership Owned and managed like a corporation, but often taxed like a partnership 7 •Sole proprietorship •Partnership •Corporation
  • 8. Advantages • Ease of Start-up • Availability of Capital and Credit • Personal Interest • Combined Business Skills and Knowledge • Retention of Profits • No Special Taxes Disadvantages • Unlimited Liability • Management Disagreements • Lack of Continuity • Frozen Investment 8 •Sole proprietorship •Partnership •Corporation
  • 9. Definition- An artificial person created by law, with most of the legal rights of a real person. 1. Closed Corporation Stock is owned by relatively few people and is not sold to the general public. 2. Open Corporation Stock can be bought and sold by any individual. 9 •Partnership •Corporation •Special forms
  • 10. Advantages • Limited Liability • Ease of Raising Capital • Ease of Transfer of Ownership • Perpetual Life • Specialized Management Disadvantages • Difficulty and Expense of Formation • Government Regulation and Increased Paperwork • Conflict within the Corporation • Double Taxation • Lack of Secrecy 10 •Partnership •Corporation •Special forms
  • 12. S-corporation Corporation (limited liability) Partnership (tax) S corporation A corporation that is taxed as though it were a partnership. •Main forms •S-Corporation •LLC 12
  • 13.  No more than 100 stockholders  There can be no nonresident-alien stockholders  All stockholders must agree to the decision to form S-corporation S-corporation Double taxation Limited liability Restriction on the number of owners/stockholder •Main forms •S-Corporation •LLC 13
  • 14.  A form of business ownership that combines the benefits of a corporation and a partnership while avoiding some of the restrictions and disadvantages of those forms of ownership Limited-liability companies Double taxation Limited liability Restriction on the number of owners/stockholder •S-Corporation •LLC •Non profit 14
  • 15.  A corporation organized to provide a social, educational, religious, or other service rather than to earn a profit.  Top 5 successful non profit organizations  United Way  Feed the Children  Gifts in Kind  Americares  The Red Cross Not-for profit corporations •LLC •Non-profit corp. •Additional forms 15
  • 17.  A cooperative is an association of individuals or firms whose purpose is to perform some business function for its members.  In Azerbaijan, coorperatives are mainly formed in agriculture sector. 17 •Special forms •Coorperatives •Joint Venture
  • 18. 18 & •Coorperatives •Joint Venture •Syndicates A joint venture is an agreement between two or more groups to form a business entity in order to achieve a specific goal or to operate for a specific period of time.
  • 19.  A syndicate is a temporary association of individuals or firms organized to per-form a specific task that requires a large amount of capital. Syndicates are used most commonly to underwrite large insurance policies, loans, and investments. 19 •Coorperatives •Joint Venture •Syndicates
  • 20. Thank you for attention 20