Sole Proprietorship

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Sole Proprietorship

also known as a sole trader

partnership

is formed when two or more people agree to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves.

corporation

is a legal entity that is separate and distinct from its owners.

Corporation Code

the same person cannot hold the positions of president and treasurer or president and secretary at the same time.

SWOT analysis

is a strategic planning tool used by businesses and organizations to identify and evaluate.

Strengths

internal factors that give an organization a competitive advantage or contribute to its success

weakness

internal factors that are limitations or areas where the organization may be lacking

opportunities

external factors in the business environment that the organization could leverage to its advantage

threats

external factors that could pose challenges or risks to the organization

delectus personae

no one can become a partner without consent of all partners

article 1768

the partnership has a juridical personality separate and distinct from that each of the partners

general partnership

they are all liable to the extent of their separate property after the partnership asset have been exhausted

limited partnership

is however liable only to the extent of his contribution

capitalist partner

one who contributes capital

industrial partner

one who contributes industry or skill

managing partner

a partner who manages the business of the partnership

incorporators

are the persons who originally formed the corporation

corporators

are those composes that corporation, board of directors, trustees, stock holders or members including corporation

stockholders and member

are person own or holders of shares of stock in a stock corporation

corporate officers

are the officers named in the articles of incorporation or in the by-laws of the corporation

directors and trustees

the board of directors is governing board in a stock corporation.