Business Structure I chose to use the functional structure for my business. I chose the business structure because I thought that it was the best one for my business because my business is only one division and not multiple divisions. In my business the CEO will be the one that makes the major decisions like who will be hired and if necessary who may be fired. The CEO will also be in charge of everyone who works in the business. There will only be one manager because there are not multiple divisions to be managed. The manager will be in charge of getting the bills together so that the CEO can pay the bills. The manager will also be in charge of submitting insurance claims to the insurance companies. The manager will also be in charge of sending out bills to the clients. The secretary will be in charge of answering the phones at the front desk. The secretary will also collect copays from clients at the time of their visits. He or she will also be responsible for calling clients and reminding them of their appointments, and they will also be the ones that set up their next appointments. The employees are the social workers. It is their job to make sure that try the best they can to help the clients. The clients are there for a reason. They have to make sure that the clients trust them and the social workers have to make sure they make the clients comfortable. They may have to help clients cope with everyday experiences. Some of those experiences may be a divorce from their spouse or even getting laid off from their job. Even though the social workers cannot prescribe medication to some clients that may need it, they can give the clients a recommendation to another doctor that can prescribe the client medication that will help them get better. In this business we will
Business Structures you choose will depend on the size and type of business, along with your personal circumstances and how much you want to grow the business.
Keep in mind that if you need to, you can change your business structure later on if you find that a new structure will meet your needs better.
Individuals who use this business structure are often personally liable financially for the failure or success of the business. If the business fails, creditors can sue the owners to recoup their losses. A failing business may financially ruin an individual if not adequately prepared financially. The next type of business structure is a partnership.
Partnerships are a commonly selected business structure.…
December 18, 2014
There are many factors to take into account when deciding on what type of business to open. The first step is to look at all of the different types of business structures and determine which best meets the needs and wants of the business and owner.…
• Income taxes – States that do not acknowledge a limited partnership for tax purposes treat this type of business structure as a non-partnership.
• Longevity or continuity of the organization – The partnership agreement and certificate, needs to specify the wishes of the partner for…
BRC company has more than one organisational structures:
product oriented structure
BOARDS OF DIRECTORS
Tall structure contain many layers and usually exist only in large organisation like BRC
because of necessity of dividing the task into chunks of work that can be handled by
University of Phoenix
January 12, 2015
When starting and owning a business, you need to understand the importance choosing the legal structure of your organization; the different types of business structures are Sole Proprietorship, Partnership and Corporation. The following paragraphs will provide an explanation of each and the advantages and disadvantage of each business configuration.…
The advantage of this type of business is that it is simpler than most structures and it requires less paperwork. For you this means you could potentially start your business in a matter of weeks. A disadvantage of this structure is who you decide to partner with. Most people start limited partnerships with friends or colleagues, which can be sensitive. Either you ruin your friendship with that person or you can develop and even stronger bond.…
Considering a business involving craft items and its universal appeal, the
World Wide Web is the most appropriate conduit to reach potential customers word wide. My
brother and I are to start the craft business and my suggestion would be for us to opt for a
domestic corporation business structure.…
Business Ownership Structures
BUS201|Introduction to Business in a Technology World
There are four main types of businesses in society today. In this paper, I will discuss these four, one at a time, and its’ advantages and disadvantages. There is much to know and learn about each different type of business. I will begin with the simplest and work my way to the most complex.
Let’s begin with Sole Proprietorship.…