What is A Business Type - Leigh Barker Accountant - PowerPoint PPT Presentation

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What is A Business Type - Leigh Barker Accountant

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There are numerous business formats available and the type that is selected may be dependent upon a business owner’s business objectives, finances or interests. – PowerPoint PPT presentation

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Title: What is A Business Type - Leigh Barker Accountant


1
What is A Business Type
  • Leigh Barker Accountant

2
Numerous business formats available
  • There are numerous business formats available and
    the type that is selected may be dependent upon a
    business owners business objectives, finances or
    interests. Common business types be categorised
    as
  • Home Based Business
  • Family Business
  • Online Business
  • Franchise Business
  • Contractor

3
Home Based Business
  • A home based business is a small business that
    operates from a home office. Indicatively there
    are few employees.
  • Flexibility, convenience, lower overheads, income
    tax savings and no commuting are just some of the
    advantages of this form of business.

4
Family Business
  • A family business can be of any size and are
    found in almost every business sector. Family
    members exercise control over the business by way
    of ownership, policy direction and management
    when employed in key positions.
  • The succession of a family business transfers to
    the next generation.

5
Online Business
  • An on-line business is any form of business that
    is conducted over the internet which acts as the
    conduit for all business activities.
  • Business activities can comprise the buying and
    selling of products, supplies or services in
    almost every business sector. Anyone can start an
    on-line business.

6
Franchise
  • A franchise is a business relationship where on
    party grants another party the right to
    distribute goods or services and to use the
    business name for a fixed period of time in
    exchange for a franchise fee which may be an
    upfront payment or an ongoing fee or a
    combination of both.

7
Contractor
  • A contractor is the owner of a business that
    hires out their services to other businesses.
  • Contractors negotiate their fees and working
    arrangements.
  • Contractors generally apply their own process,
    tools and methods to perform their work.

8
Leigh Barker Accountant
  • Please note Prepared by Leigh Barker Accountant
    at MWC Group, Portfolio Finance, Gordon, Tangible
    Assets and West Pennant Hills.
  • Note that all content of this blog is general in
    nature and anyone intending to apply the
    information to practical circumstances should
    seek professional advice to independently verify
    their interpretation and the informations
    applicability to their particular circumstance
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