Company forms by https://padlet.com/viivi_rasanen/team10 Viivi, Ville, Riku, Katariina en-us 2020-01-15 18:17:48 UTC 2020-01-23 17:12:40 UTC hello@padlet.com Fusion of two companies viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020218 Two companies merge into one new company. Mergers are usually done to expand new segments, extent, reduce costs and grow market share.
After a merger new company's shares are distributed to both original business shareholders.]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020218 Give an example viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020220 Avainapteekit ja Yhteistyöapteekit.

]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020220 viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020221 Association which has one or more members and which aims to support its member's source of livelihood and social needs through a democratically ran enterprise.]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020221 Pros and cons viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020222 +  the company is responsible, not human
+ does not require a minimum capital
+ all members are equal
-  decision making is slow
]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020222 viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020226 A joint venture is a business arrangement in which two or more parties agree to pool their resources to accomplishing a specific task. This task can be a new project or any other business activity. ]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020226 Give an example viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020229 Mehiläinen]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020229 viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020230 Franchise service is in a collaborative model between two companies. For one company it is an opportunity for growth and for another company it is an opportunity to operate.

]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020230 Pros and cons viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020231 + big company gives a large business network
+ the main company gives their support for entrepreneurs
- entrepreneurs don't get much freedom to be creative
]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020231 Give an example viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020232 McDonald's
Subway
R-kioski
Musti ja Mirri]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020232 Public limited company viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020234 Legally distinct entities with their profits and debts.
Shares in a public company can be sold and traded to the general public and shares can be listed on a stock exchange.
Only company type that is allowed to collect capital from public investment.]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020234 Pros and cons viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020235 + the financier has no liability
- must have a start-up capital]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020235 Limited partnership viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020238  At least one partner have unlimited liability and the other partners are subject to limited liability. Limited partners are not involved in the active management of the business and can't lose more money than they have give to the partnership.
+ you don't have to run your business by yourself and there is always have someone to help you
- the decisions are made my both partners. 
- profits need to be shared ]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020238 General partnership viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020239 Have at least two members and they establish and run business together. All partners are responsible for the business and have unlimited liability for business debts.
It's easy to establish and easy to dissolve. Also not have to pay income tax.
Each partner are liable for other's actions and personal assets can be seized to cover unpaid debts.]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020239 Pros and cons viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020240 + fast and affordable establish 
+ does not require a start-up capital
- profits are taxed as income]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020240 viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020243 Popular business form because it's easy, simple and for its nominal cost.
An unincorporated business owned by one person who can operate with his/her own name or with fictitious name.
Sole proprietorship has no separate identity under the law.]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020243 Typical features viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020244 Sole trader is personally responsible for all debts of the business. Also, all profits go straight to the owner of the business.
Pays personal income tax on profits earned from the business.
Many sole traders end up getting restructured into a limited company as the business grows.]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020244 Pros and cons viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432020245 +  easy and simple to maintain
+ no capital is needed
- responsibilities and losses are personal
- suitable for one person and a small turnover]]> 2020-01-15 18:17:48 UTC https://padlet.com/viivi_rasanen/team10/wish/432020245 Private limited company viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432028394 Also legally distinct entities with their profits and debts but the personal finances of any shareholders are protected by limited liability. Shares in private companies can't be offered to the general public.]]> 2020-01-15 18:28:34 UTC https://padlet.com/viivi_rasanen/team10/wish/432028394 Pros and cons viivi_rasanen https://padlet.com/viivi_rasanen/team10/wish/432031370 + combined experience and expertise
+ more resources
+ access to new markets
+ shared costs and risks
+ faster business growth
- different working methods and management styles
- difficult to make sure each party contributes the same amount of work and/or resources to the completion of the joint venture

]]> 2020-01-15 18:32:53 UTC https://padlet.com/viivi_rasanen/team10/wish/432031370 Give an example https://padlet.com/viivi_rasanen/team10/wish/434202881 S-ryhmä
Osuuspankki]]> 2020-01-21 19:13:32 UTC https://padlet.com/viivi_rasanen/team10/wish/434202881