Scribd
Upload
34 views

STRAMA

A sole proprietorship is a business owned and operated by one individual who is personally responsible for the business's debts and obligations. A sole proprietor must register their business with the Department of Trade and Industry. A partnership is an agreement between two or more people to contribute money, property, or skills to a shared business and split the profits. Unlike a sole proprietorship, a partnership is considered a separate legal entity from its owners. A corporation is a legal entity created by law that has rights of succession and authorized powers and properties. It is separate from its owners and shareholders. A cooperative is a registered association of people with a common interest who voluntarily work together to achieve social or economic goals,

Uploaded by

Monteza Lyresh Ann
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
34 views

STRAMA

A sole proprietorship is a business owned and operated by one individual who is personally responsible for the business's debts and obligations. A sole proprietor must register their business with the Department of Trade and Industry. A partnership is an agreement between two or more people to contribute money, property, or skills to a shared business and split the profits. Unlike a sole proprietorship, a partnership is considered a separate legal entity from its owners. A corporation is a legal entity created by law that has rights of succession and authorized powers and properties. It is separate from its owners and shareholders. A cooperative is a registered association of people with a common interest who voluntarily work together to achieve social or economic goals,

Uploaded by

Monteza Lyresh Ann
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

SOLE PROPRIETORSHIP

As I understand RA 3883. A Sole Proprietorship is a business structure held


by a single person who has complete control/authority over all assets,
personally owes and answers for all obligations and losses. A sole
proprietorship enterprise must register its business with the Department of
Trade and Industry (DTI) to ensure legal identity in the Philippines.

10 Examples:
1. Hardware Stores
2. Photographer
3. Clothing Boutique
4. Sewing shop
5. Pet Store
6. Catering Services
7. Sari-sari Store
8. Carinderia
9. Bookkeeping Services
10. Home Services

PARTNERSHIP

A partnership is defined by the Philippine Civil Code Article 1767 as a contract


between two or more persons that agree to contribute money, property, or
industry to a shared fund to split the profits among themselves. A partnership
is a separate legal entity from that of the members in the partnership.

10 examples:
1. National Book Store— Socorro Ramos & Jose Ramos
2. Microsoft— Bill Gates & Paul Allen
3. Google— Larry Page & Sergey Brin
4. Ben & Jerry’s— Ben Cohen & Jerry Greenfield
5. Intel— Gordon Moore & Bob Noyce
6. Yahoo! — Jerry Yang & David Filo
7. WhatsApp— Jan Koum & Brian Acton
8. Apple Inc. — Steve Jobs & Steve Wozniak
9. Facebook Founder (Meta) — Mark Zuckerberg & Eduardo Saverin
10. Twitter— Evan Williams, Biz Stone, and Noah Glass.

CORPORATION
Section 2. Corporation defined. – A corporation is an artificial being created by
operation of law, having the right of succession and the powers, attributes and
properties expressly authorized by law or incident to its existence.
10 Examples:
1. Coca-cola Corp.
2. Toyota Motor Corp.
3. San Miguel Corp.
4. Nestle Philippines
5. Shell Philippines
6. Unilever
7. Amazon
8. Petron Corp.
9. Jollibee Foods Corp.
10. Landbank of the Philippines

COOPERATIVE
ARTICLE 3. General Concepts. – A cooperative is a duly registered
association of persons, with a common bond of interest, who have voluntarily
joined together to achieve a lawful common social or economic end, making
equitable contributions to the capital required and accepting a fair share of the
risks and benefits of the undertaking in accordance with universally accepted
cooperative principles.
10 Examples:
1. The National Confederation of Cooperatives
2. PLDT Employee Multi-Purpose Cooperative (TELESCOOP)
3. Philippine Army Finance Center Producers Integrated Cooperative
(PAFCPIC)
4. Metro South Cooperative Bank
5. ACDI Savings and Credit Cooperative
6. First Community Cooperative
7. Cooperative Rural Bank of Bulacan
8. Cebu CFI Community Cooperative
9. Novaliches Development Cooperative (NOVADECI)
10. Pangasinan III Electric Cooperative (PANELCO III)

You might also like