4 Types of Business Structure PPT Template
4 types of business structure PowerPoint template is an instructional template that is created for business professionals and consultants whom they are engaged in taking PowerPoint classes to explain the corporate business structure and other business structure types. The diagram shows the 4 types of businesses includes sole proprietorship, partnership, Limited Liability Company and corporate company. The PowerPoint diagram comes with two variants that are businessman and business lady images. Business management experts and teachers can download this business structure PowerPoint design to show the organizational structure of the company and its legal advantages and complications.
1. Sole proprietorship
Sole proprietorship is the simplest legal structure offered for businesses. According to the Internal Revenue Service (IRS), it is the most common form of business in almost all countries. Businesses structured as a sole proprietorship lets the proprietors to have total control over company operations. Businesses that typically form sole proprietorships are shop or retail businesses, home-based businesses and one-person consulting firms.
A partnership is shaped when two or more people join, or partner, together to run a business. Each partner has the same stake in the net profits and losses of their business. Comparable to sole proprietor, each partner reports their revenue on their personal tax return and pays self-employment taxes to the IRS.
3. Limited Liability Company
This is one of the newest forms of business structure. The limited liability structure is measured a blend as limited liability companies can be fashioned as corporations or partnerships. LLCs can provide proprietors, who are commonly referred to members under this configuration, the protection from liability and other responsibilities similar to a corporation.
A corporation, occasionally called a C corp, is a legal entity that's separate from its proprietors. Corporations can make a profit, be taxed, and can be held legitimately liable. Corporations offer the durable protection to its proprietors from personal obligation, but the cost to form a corporation is higher than other configurations.
Four types of business structure ppt template is a business PowerPoint slide usable for academic and training purposes. The infographic template has common layout for business presentation, so it matches with any presentation that has four heading. Besides, the users can alter PowerPoint clipart’s and backgrounds to make a different appearance of the diagram.