Despite the tremendous success some of the SOEs have enjoyed, largely thanks to their monopolistic market positions and entry barriers for private sector competitors, criticism of the overall inefficiency in the management of these assets has increased. At the same time, the reforms require SOEs to maintain a controlling and influential role in the overall economy. The language of the reform plan is vague, thus leaving ample room for interpretation and more detailed implementation plans. In addition, Beijing has not yet officially promulgated the list of industry sectors that it considers competitive, giving no indication where the withdrawal of state ownership will likely take place.
This article provides an overview of the most common types of business ownership. There are basically three types or forms of business ownership structures for new small businesses: Sole Proprietorship A business owned and operated by a single individual — and the most common form of business structure in the United States.
The advantages with a sole proprietorship include ease and cost of formation — simply announcing you are in business and requesting any licenses and permits you may need; use of profits — since all profits from the business belong exclusively to you, the owner; flexibility and control — you make all the decisions and direct the entire business operations; very little government regulations; secrecy; and ease of ending the business.
Mixed ownership business plan A business that is owned and operated by two or more people — and the least used form of business organization in the United States. There are two basics forms of partnerships, general and limited.
In a general partnership, all partners have unlimited liability, while in a limited partnership, at least one partner has liability limited only to his or her investment while at least one other partner has full liability. The advantages of a partnership include ease of organization — simply creating the articles of partnership; combined knowledge and skills — using the strengths of each partner for better business decision-making; greater availability of financing; and very little government regulations.
There are disadvantages, however, including unlimited liability — all business debts are personal debts; reconciling partner disagreements and action — each partner is responsible for the actions of all the others; sharing of profits — all money earned has to be shared and distributed to the partners per the articles of partnership; and limited lifespan — the partnership ends when a partner dies or withdraws.
Private Corporation A business that is a legal entity created by the state whose assets and liabilities are separate from its owners.
While there are also public corporations — who stock and ownership are traded on a public stock exchange — most small businesses are or at least start as private corporations.
A private corporation is owned by a small group of people who are typically involved in managing the business. Disadvantages include double taxation — the corporation, as a legal entity, must pay taxes, and then shareholders also pay taxes on any dividends received.
Two other types of ownership include: S Corporation A form of ownership that is the best of both partnerships and corporations.
Owners have limited liability, greater credibility for obtaining financingand no double taxation as all profits pass directly to the owners and the corporation pays no taxes. There are, however, restrictions on the number and type of shareholders. LLCs provides limited liability and are taxed as a partnership or sole proprietorship depending on the number of members.
This type of business formation — formed by submitting articles of organization to the state in which the company resides — is growing rapidly because it is flexible, simple to run, and does not require all the paperwork of corporations.
Also discover resources that will help you build a resume and build a cover letter in no time at all.Mixed Greens Salad Gardens produce farm business plan company summary. Mixed Greens Salad Gardens specializes in exotic salad field greens for local restaurants.
Company Ownership. Mixed Greens Salad Gardens will be a sole proprietorship with Heidi Ponic as the founder and owner. Heidi will be funding the business with a $50, Dec 13, · by Tim Berry Most business plans, particularly start-up business plans, need to deal with shares at several key points.
Shares are shares in ownership.
This is why we talk about shares of stock, and we buy and sell shares on the stock market/5(4). CHINA is expected to unveil pilot mixed-ownership reform schemes for the first group of central state-owned enterprises soon amid efforts to invigorate its torpid SOEs.
TELECOMS: Unicom Plan Gaining Too Many Partner By newsdoug on August 3, Bottom line: Unicom’s mixed-ownership reform plan could prove a dud if it chooses too many partners, which looks likely based on the latest reports.
Dec 13, · Most business plans, particularly start-up business plans, need to deal with shares at several key points. Shares are shares in ownership.
This is why we talk about shares of stock, and we buy and sell shares on the stock market. Now, the simplest one-person business has no /5(4). Steve has an established business and has owned his paint business known as ProStar Paint for 15+ years.
Linda Rogers, a graduate of Middle Tennessee State University, is a math teacher at Franklin Elementary School.