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
A business with one owner who is responsible for all features of the business. Everything that happens in the company from the daily operation to the legal obligations are controlled by one individual.
Sole Proprietorship Advantages:
• Convenience - Usually the least costly to begin. Sole proprietorships are easy to start up. They entail acquiring the proper licenses and permits. Regulations very from industry, state, and county. There is no administrative configuration…
you'll make when starting a business is which legal structure to use. Because it's such an important decision, you should get advice from a qualified independent business, financial or legal advisor.
A business name is simply a name or title under which a person, or other legal entity, trades. It not only identifies you to your customers, but also allows you to differentiate yourself from your competitors and enables your customers to make an emotional connection to your business and brand. For many businesses…
February 24, 2014
The videos were very informative and outlined the necessary steps to start a business. Planning is key to starting and maintaining a successful business. Individuals interested in starting a business must determine the type of business they will start, the target market, and demographic. Due diligence must be done by starting with a comprehensive business plan. There are three types of business structures an individual…
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. This paper will discuss three different business types; sole proprietorships, partnerships, and corporations; as well as, the advantages and disadvantages of each…
administrating any supplier quality assurance system.
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…
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.
Personal Business Structures
October 6, 2013
This business is an Accounting firm servicing clients of all sizes, from the average citizen in the community requiring tax assistance or other financial organization needs, to small businesses as well as large corporations. This company is a moderately-sized limited liability company which utilizes the market structure. This structure will group clients into divisions and assign employees to work those divisions. There…
Business Structure Advice
FIN 571 Finance
Hello Mr. Owner. I hope that this email finds you well. I am responding to your email dated March 24, 2015 in reference to developing a business plan. First of all, congratulations is in order on your decision to start your own business! This is an exciting step in your future and it would be my pleasure to assist you in any way that I can. Whether you choose to take on partners or not, I have gathered information for you…
The popularity of the internet and the benefits of the “Information Age” which has created the
possibility for accessing information through electronic data interface and allows consumers
and businesses living worlds apart to exchange information and do business on line. For a
business involving craft items and their universal appeal, there is no better market medium
than the internet. In consideration of this business, I would suggest a domestic corporation…
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. This is when a business is owned…