Business Organizational Structure and Challenges
Introduction to Business
Handouts
Handout for Assignment 3.1: Business Organizational Structures and Challenges
Purpose: The purpose of this assignment is to help you understand the advantages, disadvantages, and levels of risk associated with the various business organizational structures.
Complete the following table. List all statements in bullets.
Type of Business Structure | Concise Definition | List of Advantages | List of Disadvantages |
Sole Proprietorship | | | |
Partnership | | | |
Cooperative | | | |
S Corporation | | | |
Limited Liability Corporation | | | |
Professional Corporation | | | |
Multinational or Transnational Corporation | | | |
Private Corporation | | | |
Public Corporation | | | |
There are many issues related to starting and operating a new business that conducts business both in the US and internationally. Using the table below, rank the top five challenges to starting and operating a new business, rank the challenges with 1 being the most significant challenge of the list and 5 being the least significant challenge of the list, and justify your ranking order.
Rank | Challenge | Justification for ranking |
1 | ||
2 | ||
3 | ||
4 | ||
5 |
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