Today’s Journal Question Why is it important for managers to keep

their employees motivated at work? If you were a manager how would you keep your employees motivated?

Types of Business Ownership

4 Forms of Business Ownership Sole Proprietorship Partnerships Corporations Co-operatives

Sole Proprietorship A business owned by one person Simplest form of business ownership The owner (person) and the business

are one in the same (unlimited liability)

Best-Weigh Scales

Partnership Formal commitment between two or

more people to run or own a business together

Like a Sole Prop. The business and the owners are one in the same (unlimited liability)

FER Construction

Corporation is a legal entity that is separate from

its owners, the shareholders

No shareholder of a corporation is personally liable for the debts, obligations or acts of the corporation

Corporation is identified by the terms "Limited", "Ltd.",

"Incorporated", "Inc.", or "Corporation", "Corp."

Just like a person a corporation can enter agreements, own land and property, employ people etc.

Corporations Private Corporations

Only a few people control all the shares or stock

These shares are not for sale on a stock exchange

Most corporations are this type owned by individuals, families and small groups

Marco Corporation

Public Corporations Raises money by selling its shares

or stock to the general public on the stock exchange

Everyone that buys a stock owns part of the company

The more stock you own the more of the company you own

Ford, Apple

Co-operative A business owned by the workers or

by members who buy products or services that the business offers

Their goal is to provide service not make profit

Credit Unions, MEC

Activity You are to research the different types of

businesses that exist today. You will find pictures of the different

business and compile them into one collage for each form of business Sole Proprietorship Partnership Corporation Cooperative

Activity cont. Use a variety of logos/pictures for each

form of business found in Canada

Include a brief description: Name of company When it was started Any addition information you would like to add