1. Annual Yield

2. Annual Yield Savings Account: 0.10% Government Bond: 2%
Money Market Account: 0.5%
Your Stock portfolio??????

4. Sole Proprietorship -one owner -73% of businesses
Disadvantages
Least Financial Capital
Unlimited Liability
Advantages
All Profits
Quick Decisions
Pride of Ownership
Easy to Organize

5. Partnership -2+ owners -8% of businesses -Articles of Partnership
Disadvantages
Unlimited Liability
Split Profits
Partner’s Mistakes
Advantages
Combine Talents
More Financial Capital

6. Corporation. -owned by stockholders. -19% of businesses
Corporation -owned by stockholders -19% of businesses -Government Charter -Board of Directors
Advantages
Most Financial Capital
Limited Liability
Disadvantages
Little Power (owners)
Double Taxation

7. Corporate Structure

8. LLC Limited Liability Company
Tax/structure of S. Proprietorship/Partnership
Limited Liability of a Corporation

9. Franchise
Corporation sells rights to individual operator

10. Progress?????? Child Labor Laws Minimum Wage OSHA Overtime
Discrimination Laws
FMLA
Disability and Worker’s Comp

11. Labor Union
an organization of workers formed for the purpose of advancing its members' interests in respect to wages, benefits, and working conditions

12. Types of Unions
Craft (Trade)
Industrial

13. Union Arrangements Closed Shop Employer may only hire union members
Union Shop
Employees must join union once hired

14. Taft-Hartley Act (1947) Banned closed shop/union shop arrangements
Granted individual states ability to pass “right to work” laws
Agency Shop
Employees must pay a portion of dues to cover collective bargaining costs
Allows “Right-to-Work” laws (state by state)

16. Collective Bargaining
Union Negotiations
Collective Bargaining
Mediation
Arbitration

17. Negotiation Strong-Arm Tactics
Strike
Lockout