PCF总结.docVIP

PCF in Word Business Foundations Economy: Exchange of goods services (including labor) between agreeing parties. Market Economy: an economy based on the division of labor in which the prices of goods and services are determined in a free price system set by supply and demand. Capital---Surplus(wealth): Social capital individual capital intellectual capital financial capital Shareholder: a person, group, organization or system that holds equity in a business organization or company through ownership of shares of stock of that company. Stakeholder: a person, group, organization or system who is affected by the actions of a business organization or company; they may or may not be shareholders. Purpose Focused Value driven Mission Statement: spells out the overall goal direction of an organization. Vision Statement: outlines what the organization wants to be, or how it wants the world in which it operates to be. Purpose: Why does the organization exist? (Focus is on the present) Core Values: Fundamental beliefs that are shared among the stakeholders and of an organization.(DNA) 3 Basic Business Structures Sole Proprietorship Partnership Corporation 3 Hybrid Structures “S” Corporation Limited Partnership (LP) Limited Liability Company (LLC) 1 Special Structure REIT ?Real Estate Investment Trust Sole proprietorship: Taxation: single taxed at personal rate (no corporate taxes) Liability: unlimited Liquidity: very limited Life/Control: Owner/Manager -limited to the life of the owner Partnership: Taxation: single taxed at each owners personal rate Liability: unlimited Liquidity: very limited Life/Control: Owner/Manager - limited to the life of the owners Corporation: Has many governmental forms paperwork: Charter ?name, type of activities, amount of stock, directors information, filed incorpor ated in a state Bylaws – the rules of the company, rights granted to owners of the stock, (election of directors, changing the bylaws, rights if the company issue