About This Chapter
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- Students who have fallen behind in understanding business partnership agreements or working with related tax structure and liability
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How it works:
- Find videos in our course that cover what you need to learn or review.
- Press play and watch the video lesson.
- Refer to the video transcripts to reinforce your learning.
- Test your understanding of each lesson with short quizzes.
- Verify you're ready by completing the Types of Business Organizations chapter exam.
Why it works:
- Study Efficiently: Skip what you know, review what you don't.
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Students will review:
This chapter helps students review the concepts in a Types of Business Organizations unit of a standard college business course. Topics covered include:
- Sole proprietorship
- Dissolution and termination of a partnership
- General and limited partnerships
- Limited liability partnership or company
- Tax structure and liability of corporations
1. What Is Sole Proprietorship: Definition, Advantages & Disadvantages
Most businesses are sole proprietorships. This is the easiest and most straightforward type of business to form. Sole proprietorships are owned and run by only one person. This lesson explains sole proprietorships.
2. Creating a Business Partnership Agreement
Many businesses are partnerships. These are businesses owned by two or more people. This lesson explains how partnerships are created and the use of partnership agreements.
3. Tax Structure and Liability of Business Partnerships
Many businesses are partnerships. These are unincorporated businesses owned by two or more people. This lesson explains the tax structure of partnerships and the liability of general partners.
4. Dissolution and Termination of a Partnership
A partnership is an unincorporated business owned by two or more people. When the partners decide to no longer do business together, they must dissolve, wind up and terminate the partnership. This lesson explains dissolution and winding up.
5. General Partnership: Definition, Advantages & Examples
Many businesses are structured as general partnerships. General partners share both the benefits and obligations of the business. This lesson explains general partnerships, including the advantages and the liabilities.
6. What Is a Limited Partnership? - Definition, Advantages & Disadvantages
Many businesses are formed as partnerships. There are several different types of partnerships. This lesson explains the advantages and disadvantages of limited partnerships.
7. What Is a Limited Liability Partnership? - Definition, Advantages & Disadvantages
Many businesses are formed as partnerships. There are actually several different types of partnerships, including limited liability partnerships. This lesson explains the advantages and disadvantages of limited liability partnerships.
8. What Is a Limited Liability Company? - Definition, Benefits & Examples
A limited liability company is a popular business structure that provides the benefits of both a partnership and a corporation. This lesson explains the benefits of limited liability companies.
9. How to Create a Corporation
A corporation is a complex business structure that allows for the separate existence of the business from the individuals that run the business. This lesson explains corporations and how to create a corporation.
10. Shareholder, Board of Director & Officer Roles
A corporation is a complex business structure made up of many different individuals. This lesson explains the corporate roles of shareholders, the board of directors and officers.
11. What Are Dividends? - Investing in Stocks
Many people are interested in stock investment, and there are a few basic terms investors and business people should understand. This lesson explains dividends, common stock and preferred stock.
12. Tax Structure and Liability of Corporations
A corporation is a complex business structure with unique characteristics pertaining to taxation and liability. The advantages of a corporation are subject to certain rules. This lesson explains double taxation, limited liability and piercing the corporate veil.
13. How to Dissolve a Corporation
Corporations generally have perpetual existence. Therefore, a corporation must be dissolved if the owners wish to terminate the corporation's existence. This lesson explains corporate dissolution.
14. Ability-to-Pay Principle of Taxation: Theory & Analysis
Governments impose taxes to pay for their operations and state services. But how do governments decide how to use a system of taxation to charge taxpayers for those services? One of the most common theories of how people should pay taxes is the ability-to-pay theory of taxation.
15. Average Tax Rate: Definition & Formula
Knowing the average tax rate in a progressive tax system is useful in understanding your tax burden. In this lesson, you'll learn about the average tax rate, related concepts, and how to calculate it. A short quiz follows.
16. Decentralized Organization: Definition & Chart
What is a decentralized organization, and why would we want to work for one? In this lesson we'll discuss what it is, how it works, and the advantages and disadvantages of this structure.
17. Decision-Making Processes in Organizations: Types, Overview
In this lesson we will explore the ways that businesses make decisions. You will also learn about the characteristics of common decision-making processes.
18. Not-For-Profit Organizations: Types & Examples
This lesson will give an overview of not-for-profit organizations. The different types of not-for-profit organizations will be given and examples will be explored.
19. Organizational Commitment: Definition, Theory & Types
Organizational commitment is important to organizational success. In this lesson, you'll learn about organizational commitment and its underlying theory. You'll also have a chance to take a short quiz after finishing the lesson.
20. Problem Solving in Organizations: Skills, Steps & Strategies
We all have a variety of problems to solve at work each day. You can learn more about some of the ways that effective managers deal with problems and overcome even the toughest challenges in this lesson.
21. Progressive Tax System: Definition, Pros & Cons
Find out what a progressive tax system is and why the system in the United States is considered progressive. Learn about the debate over tax systems and some of the biggest arguments for and against a progressive tax.
22. Progressive Tax: Definition, Structure & Example
In this lesson, you'll learn about progressive tax. We'll discuss an example of a progressive tax, income tax. Then we'll explore who collects income tax and the purpose for imposing the tax.
23. Proportional Tax: Definition & Examples
Have you ever heard someone talking about a flat, or proportional, tax and weren't sure what the person was referring to? Find out what a proportional tax is and learn about some of the benefits it might offer.
24. Regressive Tax: Definition, Structure & Example
In this lesson, we'll define regressive tax. You'll also learn about some different types of regressive taxes and see how these taxes affect lower and higher income Americans differently.
25. What Is a Joint Venture? - Definition & Examples
Joint ventures are common business agreements that individuals and corporations engage in every day. In this lesson, you'll learn about joint ventures and see some examples of how they work. Then you can test your understanding with a short quiz.
26. What is an Organizational Environment? - Definition & Theory
An organizational environment is composed of forces or institutions surrounding an organization that affect performance, operations, and resources. Learn more about the definition, importance, and process of organizational environments in this lesson.
27. What Is an S Corporation? - Definition, Requirements, Advantages & Examples
This lesson explains what an S corporation is and discusses the advantages of an S corporation. You'll also learn about the requirements of an S corporation and see some examples.
28. What Is Consideration in Business Law?
This lesson will teach you what constitutes consideration in business law. Specifically, you will review consideration in contracts and the way in which consideration is treated by the courts. Soon, you will have a thorough understanding of consideration.
29. What Is the Uniform Commercial Code? - Definition & Example
After completing this lesson, you will have an understanding of what the Uniform Commercial Code is, its structure and how the Uniform Commercial Code applies to commercial and business transactions.
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Other chapters within the Business Law: Help and Review course
- History of American Law: Help and Review
- Sources of Law: Help and Review
- Constitutional Law: Help and Review
- American Legal Systems: Help and Review
- Legal Procedures: Help and Review
- Contract Law Basics: Help and Review
- Capacity in Contract Law: Help and Review
- Contract Law and Third Party Beneficiaries: Help and Review
- Contracts - Assignment and Delegation: Help and Review
- Contracts - Statute of Frauds: Help and Review
- Contracts - Scopes and Meanings: Help and Review
- Contracts - Breach of Contract: Help and Review
- Contracts - Discharge of Contracts: Help and Review
- The Legal Environment: Help and Review
- Securities and Antitrust Law: Help and Review
- Property Law: Help and Review
- Employment and Labor Law: Help and Review
- Creditors' Rights: Help and Review
- Product Liability and Consumer Protection: Help and Review
- International Business Law: Help and Review
- Torts in Business Law: Help and Review
- The Role of Agency in Business Law: Help and Review
- Sales & the Law: Help and Review
- Small Business Employment Law
- Consumer Protection
- Essentials of Contract Law
- Moral Philosophies & Business Ethics