1. Chapter 4: Selecting a Form of Business Ownership
Factors to Consider
Sole Proprietorship
Partnership
Corporation
Other Types of Business Ownership
Mergers and Acquisitions
(cases and problems)

2. 1.Factors to Consider What are you willing to do?
How much control do you want?
Who shares the profits?
What about taxes?
Assessing needed skills
Business survival
$$$$
Liability?

3. 2. Sole Proprietorship Explain sole proprietorship
What are the advantages and disadvantages?

4. 3.Partnership
What is the difference between a general partnership and a limited partnership?
What are the major components needed in a partnership agreement?
What are the advantages and disadvantages of a partnership?

5. 4. Corporation What is a c-corporation? Who owns it? Who governs it?
What are the advantages and disadvantages in incorporating a business?

6. 5. Other Types of Business Ownership
What is the difference between a c-corporation and a s-corporation? What are the advantages?
What is the definition of a LLC?
Columbia REA is a local cooperative, how does their business work?
Name a local not-for-profit corporation. How does the organization hold not-for profit status?

7. 6. Mergers and Acquisitions
Define merges and acquisitions and explain why companies are motivated to merge or acquire other companies
What is a hostile take over and how does it work?

8. Cases and Problems Assignment
The class will divide into 5 groups:
Group 1 will address Learning on the Web
Group 2 will address Career Opportunities
Group 3 will address Ethics angle
Group 4 will address Team-Building Skills
Group 5 will address The Global View
Be prepared to discuss your answers in your groups in the next class session