VISION MISSION

The premier Cavite State University shall

university in historic
Cavite recognize for
excellence in the
development of
globally and morally
upright individuals.
provide excellent, equitable, and
relevant educational opportunities
in arts, sciences and technology
through quality instruction and
responsive research and
development activities.
It shall produce professional,
skilled and morally upright
individuals for global
competitiveness.

Report
in
Basic Finance
 SOLE PROPRIETORSHIP
 PARTNERSHIP
 CORPORATION
 COOPERATIVE

Submited By: Erica Setiar

Kimberly Franco

Yr&Section: BSBM – 2A

Submited To: Ms. Anie Martinez

SOLE PROPRIETORSHIP - The sole proprietorship is the simplest business form
under which one can operate a business. The sole proprietorship is not a legal entity. It
simply refers to a person who owns the business and is personally responsible for its
debts. A sole proprietorship can operate under the name of its owner or it can do
business under a fictitious name. The sole proprietorship is a popular business form due
to its simplicity, ease of setup, and nominal cost. A sole proprietor need only register his
or her name and secure local licenses, and the sole proprietor is ready for business. A
distinct disadvantage, however, is that the owner of a sole proprietorship remains
personally liable for all the business's debts. So, if a sole proprietor business runs into
financial trouble, creditors can bring lawsuits against the business owner. If such suits
are successful, the owner will have to pay the business debts with his or her own
money.
ADVANTAGES DISADVANTAGES
 Simple to create  Unlimited personal Liability
 Authority  Limited skills and capabilities
 Easy to discontinue/dissolve  Limited access to capital
 Profit  Lack of continuity for the business

PARTNERSHIP - If your business will be owned and operated by several individuals,

you'll want to take a look at structuring your business as a partnership. Partnerships
come in two varieties: general partnerships and limited partnerships. In a general
partnership, the partners manage the company and assume responsibility for the
partnership's debts and other obligations. A limited partnership has both general and
limited partners. The general partners own and operate the business and assume
liability for the partnership, while the limited partners serve as investors only; they have
no control over the company and are not subject to the same liabilities as the general
partner.

ADVANTAGES DISADVANTAGES
 Division of profits  Unlimited Liability of at least one
 Larger pool of capital partner
 Taxation  There is a risk of disagreements and
friction among partners and
management
TYPES OF PARTNERSHIP
GENERAL PARTNERS - A general partnership is an arrangement by which two or more
persons agree to share in all assets, profits and financial and legal liabilities of a business.
Such partners have unlimited liability, which means their personal assets are liable to the
partnership's obligations. In fact, any partner can be sued for the entirety of a partnership's
business debts.
LIMITED PARTNERS- A limited partnership exists when two or more partners unite to
conduct a business in which one or more of the partners is liable only to the extent of the
amount of money that partner has invested. Limited partners do not receive dividends but enjoy
direct access to the flow of income and expenses. Some may also call this a limited liability
partnership. The main advantage to this structure is the owners are typically not liable for the
company's debts.
SILENT PARTNERS - A silent partner is an individual whose involvement in a partnership is
limited to providing capital to the business. A silent partner is seldom involved in the
partnership's daily operations and does not generally participate in management meetings. A
silent partner is also known as a limited partner, since his liability is typically limited to the
amount invested in the partnership.
SECRET PARTNERS- A secret partner, unlike a silent partner, has a say in the business'
operations, but the public is not aware that the secret partner is involved in the business. Her name
is not associated with the business in any way. A secret partner may have a tarnished reputation
from a previous business failure and doesn't want that reputation to taint the new business, or she
simply may prefer to operate anonymously.
DORMANT PARTNERS- a partner who takes no share in the activity business of a company
or partnership, but is entitled to a share of the profit, and subject to share in losses.

CORPORATION- A corporation is a legal entity that is separate and distinct from

its owners. Corporations enjoy most of the rights and responsibilities that an
individual possesses: enter contracts, loan and borrow money, sue and be sued,
hire employees, own assets and pay taxes. Some refer to it as a "legal person."

ADVANTAGES DISADVANTAGES
 Limited Liability of the stockholders  Creating a corporation is also more
 Transferable ownership time consuming.
 Larger pool of skills, expertise, and  Creating a corporation is also more
knowledge. time consuming than any other type
 Corporations can raise additional of business.
money by selling shares within the
corporation.
CO-OPERATIVE- Firm owned, controlled, and operated by a group of users for their own
benefit. Each member contributes equity capital, and shares in the control of the firm on the
basis of one-member, one-vote principle (and not in proportion to his or her equity contribution).
ADVANTAGES
 Tax Advantages DISADVANTAGES
 It has a democratic control: one
 The limited share capital
member, one vote.
 It has less incentive, and there’s also a
 This type of organization has a
possibility of development of conflict
limited liability.
between members
 The members work together
TYPES OF CO-OPERATIVE
Credit Cooperative- A credit union is a member-owned financial co-operative, controlled by
its members and operated on the principle of people helping people, providing its
members credit at competitive rates as well as other financial services.

Producer Cooperative- This refers to groups of people engaged in the agricultural arena:
farming, fishing, and forestry. The co-op members may be farmers, landowners or owners of
fishing operations.

Service Cooperative- is one which engages in medical and dental care, hospitalization,
transportation, insurance, housing, labor, electrical light and power, communication,
professional and other services.

Marketing Cooperative-With an aim of helping small producers in selling their products, these
societies are established. The producers who wish to obtain reasonable prices for their output are
the members of this society.