Tutor Quora

3002100 Bachelor Of Business

Academic Anxiety?

Get an original paper within hours and nail the task

156 experts online

Free Samples

3002100 Bachelor Of Business

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

3002100 Bachelor Of Business

0 Download6 Pages / 1,442 Words

Course Code: 3002100
University: Southern Cross University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia


To demonstrate your ability to:

undertake independent research
communicate your understanding of the nature, role, and structure of business and enterprise and apply relevant business ideas and concepts in a practical situation.     

Choose an appropriate ownership structure, such as incorporated or unincorporated, sole trader, partnership, cooperative, proprietary or public company, for the following scenario:” Anton is the owner of a small Deli. He is thinking about changing his business structure to another structure. Which two business structures would you advise Anton to operate and why? You are required to analyse and evaluate two particular forms of ownership structure that Anton could consider and make recommendations based on your findings. 

Businesses, in the contemporary period, have developed considerably, across the globe, both in terms of magnitude as well as in terms of complexities and dynamics in the operational framework of the same. In the contemporary period, various forms of business structures have developed, owing to the variations, complexities, nature and participants in the businesses across the world (Toledo-López et al. 2012). However, not all types of business structures are suitable for all sorts of businesses and it becomes one of the primary responsibilities for the entrepreneurs to choose an appropriate business structure for their ventures, as much of the success, profitability and sustainability of the ventures depend on the suitability of the business structure chosen by them (Dudin et al. 2013). Keeping this into consideration, the concerned report tries to analyse the types of business structures which can be appropriate for a small Deli, owned by Anton.
Types of business structures
In general, in the contemporary period, various business structures can be seen to be existing, differentiated by their characteristics, number of participants, modes of operations, share of profits, decision-making and distributions of revenues, profits and liabilities. The most common forms being as follows:
Sole Proprietorship- This business structure consists of one individual or entity as the sole owner of the entire business and is one of the most common forms of business structures, especially for small businesses, across the globe (Prause 2015).
General Partnership- In this type of business, in general two or more people jointly venture, contribute money, labour, skill or ideas, sharing the profits and losses as per contracts and taking equal liability of the debts of the venture. All these aspects are facilitated by written agreements of partnerships in general.
Limited Partnership- In this form of partnership, there are both general as well as limited partners. While the general partners take responsibility of profits and losses, the limited partners mainly invest and only experiences losses as per their investments (Cavusgil et al. 2014).
Corporation- This type of business structure is highly prevalent for the large businesses and is a more complex one, with more rights and privileges infested to the corporation than the individuals. Tax benefits, financial advantages are usually present along with cons like decrease in personal control and licensing issues.
Company- These businesses are usually run by directors but owned by different shareholders and the directors are usually legally liable for the actions and decisions which they take for the company (Kotey and Sorensen 2014).
Public companies- In this type of companies, shares are traded and securities are issued and offered to public for the purpose of owning and trading. That is, the ownership of this type of companies are dispersed among people in general through shares on stock exchange.
Business structures appropriate for Anton’s small Deli
As discussed above, Anton is the owner of a small Deli and wants to change the business structure of his company to another structure. Although for small businesses, sole proprietorship seems to be one of the primary and most profitable forms of business structures, as the same offers the facilities of higher flexibilities, complete freedoms in decision taking and also tax exemptions for the business venture, however, since Anton wants to change the business structure to some other form, the most appropriate forms of business structures for the concerned venture can be discussed as follows:
General Partnership
Given the fact that the business (Deli) owned by Anton is a small venture, capital constraints and expansion of business as well as aiming towards higher profitability and sustainability can be the primary concerns of the owner. In such scenario, the most appropriate form of business structure which Anton can adopt for his business, can be that of general partnership, with one or two people, who will be eager to take equal responsibilities and monetary initiatives as well as non-monetary liabilities of operating the business (FASO 2016).
Advantages of General Partnership
The primary benefits of entering into a general partnership can be seen to be as follows:

The presence of more capital as well as more talent pool and skills due to the wholesome involvement of one or two additional partners
Increase in the borrowing capacity of the business
More effective and efficient decision making due to presence of more than one minds to discuss, design and implement business ideas
Sharing of risks and liabilities, which in turn can help in reducing the burden borne by Anton on his own
Apart from the personal income taxes of the partners, in general, no other taxes are need to paid by the businesses which run in the general partnership structure, which help in avoiding double taxations (Ciepley 2013)

Drawbacks of general partnership 
The primary drawbacks of this type of business structure can be seen to be as follows:

High liabilities
Threats of disagreements and conflicts of interests among the partners
Presence of conflicting personal interests and incentives (FASO 2016)
Complicated tax structures and exemption policies

In spite of the presence of several disadvantages and loopholes, this form can be suitable for the small Deli owned by Anton.
Limited Partnership
Anton can also adopt the business structure of limited partnership, in which he can have two general partners and several other limited partners, who can invest in the company to increase its operation, expansion in different places and also for producing more and catering to higher clientele.
Advantages of Limited Partnership

Scope of having huge number of limited partners
Increase in the investment and capital formation for the business, which can be used for higher promotion, more efficient technology, employment of more efficient and skilled staffs and expansion of branches of Deli in different areas
Unlimited cap on the acquisition of capital
Tax advantages and liability protection, especially for the limited partners (Ragazzo and Fendler 2013)

Drawbacks of Limited Partnership
This business structure, along with its positive sides, also have several adverse implications which are needed to be considered by Anton:

Risks of less protection
Presence of excessive burdens and threats on the general partners as they need to take care of not only their own investments and interests but also of the interests of the other limited partners
Extensive periods taken for documentation (Schiff 2012)
Legal complexities

However, the positive aspects of limited partnership appear to be stronger for the concerned business and the negative ones can be taken care of if Anton does not involve many limited partners in the beginning and go on increasing the same with the expansion of his small business.
From the above discussion, it becomes evident that in spite of the presence of different types of business structures in the contemporary period, the business structures of general partnership and limited partnership are expected to be the most suitable ones for the small Deli owned by Anton, as the characteristics of these structures are appropriate to raise the business prospects of the same. Keeping this into consideration, it can be recommended that if Anton wants to change the business structure of his small Deli from the current condition, he can either go for a general partnership with not more than two more partners (to avoid complexities but gain the benefits of general partnership) of can also go for limited partnership, with at the most two more general partners and several other limited partners (whose role is limited to investing and reaping their share of profits but not entering into the decision making process). In either of the business structures, Anton can expand his businesses without considerable decrease in the profit shares, decision making power and flexibilities which he enjoys in the current period.
Cavusgil, S.T., Knight, G., Riesenberger, J.R., Rammal, H.G. and Rose, E.L., 2014. International business. Pearson Australia.
Ciepley, D., 2013. Beyond public and private: Toward a political theory of the corporation. American Political Science Review, 107(1), pp.139-158.
Dudin, M., Ljasnikov, N., Pankov, S. and Sepiashvili, E., 2013. Innovative foresight as the method for management of strategic sustainable development of the business structures (No. dud2).
FASO, I.B., 2016. Public Private Partnership.
Kotey, B. and Sorensen, A., 2014. Barriers to small business innovation in Australia. Australasian Journal of Regional Studies, The, 20(3), p.405.
Prause, G., 2015. Sustainable business models and structures for Industry 4.0. Journal of Security & Sustainability Issues, 5(2).
Ragazzo, R. and Fendler, F., 2013. Closely Held Business Organizations: Cases, Materials, and Problems.
Schiff, R.L., 2012. Concordance theory, targeted partnership, and counterinsurgency strategy. Armed Forces & Society, 38(2), pp.318-339.
Toledo-López, A., Díaz-Pichardo, R., Jiménez-Castañeda, J.C. and Sánchez-Medina, P.S., 2012. Defining success in subsistence businesses. Journal of Business Research, 65(12), pp.1658-1664.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.


Yes, alert me for offers and important updates


Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 6 pages


*The content must not be available online or in our existing Database to qualify as

Cite This Work
To export a reference to this article please select a referencing stye below:


My Assignment Help. (2021). Bachelor Of Business. Retrieved from https://myassignmenthelp.com/free-samples/3002100-bachelor-of-business/types-of-business-structures.html.

“Bachelor Of Business.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/3002100-bachelor-of-business/types-of-business-structures.html.

My Assignment Help (2021) Bachelor Of Business [Online]. Available from: https://myassignmenthelp.com/free-samples/3002100-bachelor-of-business/types-of-business-structures.html[Accessed 18 December 2021].

My Assignment Help. ‘Bachelor Of Business’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Bachelor Of Business [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/3002100-bachelor-of-business/types-of-business-structures.html.

.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}


Thank you for your interest
The respective sample has been mail to your register email id


$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1

Account created successfully!
We have sent login details on your registered email.



Planning to buy homework online but not sure whom to select. Well, you will not find a better homework help website than Myassignmenthelp.com globally. The reason is that we are committed to ease out the pressure on students and help them enjoy life a little more. We started providing homework help for the same reason and ensure that quality solutions are provided every time. We provide homework writer on all subjects from school to Grad levels. The solutions are multiple checked for rendering error-free and made grammatically and factually sound.

Latest Management Samples

div#loaddata .card img {max-width: 100%;

MPM755 Building Success In Commerce
Download :
0 | Pages :

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…

SNM660 Evidence Based Practice
Download :
0 | Pages :

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 


Need an essay written specifically to meet your requirements?

Choose skilled experts on your subject and get an original paper within your deadline

156 experts online

Your time is important. Let us write you an essay from scratch

Tips and Tricks from our Blog

11174 Introduction To Management

Free Samples 11174 Introduction To Management .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} 11174 Introduction

Read More »