Business entity of Starbucks
Starbucks is the largest coffeehouse corporation in the world. A corporation is different from other forms of businesses because it’s considered a legal entity that is completely different from its shareholders. This means that the shareholders aren’t responsible for the corporation’s actions, they are only held accountable for their own investment. Starbucks Corporation is responsible for its own actions, can sue or be sued, can buy or sell property, can enter binding contracts, and can be taxed.
Also, Starbucks has a board of directors because it is a corporation. The job of the board of directors is to govern the corporation. They oversee major policies and decisions made …show more content…
This form of business, like any other, has many positive and negative aspects. The positive characteristics to this business form is that it is relatively easy and inexpensive to form, it has few government regulations, all profits earned are acquired by the owner, and there are no special income taxes such as double taxation. However, the negative aspects are that the business dissolves when the owner dies, the only source of financing are the owner’s resources, and there is unlimited liability towards the owner. Having unlimited liability means that the owner is personally held accountable for all debts of the business. For instance, in the case of a lawsuit being filed against Orgaanika, the owner is responsible for the consequences of such …show more content…
In this occasion, is where the supervisors discuss the employees concerns and comments on the way the business is being run. Orgaanika also provides its employees with health care benefits.
DI (Don Ignacio) Patisserie Business Entity of DI
Di is a sole proprietorship which is owned by Raúl Diez Canseco. This form of business, like any other, has many positive and negative aspects. The positive characteristics, to this business form, is that it is relatively easy and inexpensive to form, it has few government regulations, all profits earned are acquired by Raúl Diez Canseco, and there are no special income taxes, such as double taxation. However, the negative aspects are that the business dissolves when the owner dies, the only source of financing are the owner’s resources, and there is unlimited liability towards the owner.
Target Market of DI
DI is located inside the University of San Ignacio de la Loyola, in the district la Molina, has a primary target is generally, students and teachers of USIL, and people that work, and live near that location. This can be classified into two categories, which are the following: