Business Structure Of The United States - 1493 Words

Throughout the history of the United States, one salient aspect of business is the corporation, as evidenced by the formation of the first successful English colony, Jamestown, through the Virginia Joint Stock Company. Early restricted corporations and small businesses built a society and a new world, while later corporations crippled their employees and communities. Using Clare International from Richard Power’s Gain as a case study, this paper will establish the status quo of early internal business structures and the significance of capital in community-business relationships. Then, it will explore how incorporation and growth correlates to a loss of community in internal firm organization and a loss of shared capital between the company and society. In the late 18th century, production in America came primarily in the form of small business enterprise. Each business owner had a strong personal connection with the personnel and trade associated with their business. Owners of the shops had strong control over their hiring process, and employed individuals known as apprentices to work for them. These apprentices would work their way up in the trade shop, until finally moving on. Throughout the process, the apprentices and owners often bonded intimately, with the apprentice keeping all the master’s secrets while the business owner would often ask the apprentice to eat (and sometimes even board) in their own residence. While not as intimate in the 19th century, the firm stillShow MoreRelatedThe Business Structures Of The United States1729 Words   |  7 Pagesthroughout the span of the seventeenth century. Today within the United States there is a market economy that has thrived as a successful form of free trade in which the producers and the consumers of various products determine how the market will progress. All of this has lead to the modern day business structures which are utilized by all producers in order to obtain a successful and profitable business. The most popular business structures in today’s market economy are sole proprietorship, partnershipRead MoreBusiness Structure Of The United States1178 Words   |  5 Pagesowning a business and achieving financial stability. However, to achieve this American dream, one must create a business plan that involves the consideration of appropriate business structure. In the United States there are several business structures offered for consideration. Sole proprietorships, partnerships, corporations, and limited liability companies have their advantages and disadvantages. Any new business must evaluate the available business forms to determine which structure will be theRead MoreBusiness Structures Within The United States908 Words   |  4 Pagesbest suited for your business. Each country has different legal business entities under its regulatory framework. According to Dewhurst (2014), the most common types of business structures within the United States are: proprietorship, partnership, corporation, limited-liability company, and cooperative. Additionally, there are other types of legal entities derived from the association of different corporations, such as joint ventures. A proprietorship is the most basic business entity (Dewhurst, 2014)Read MoreThe United States Steel Industry1242 Words   |  5 Pagesmarked the modern society’s genesis. During that time, the United States Steel Corporation dominated the steel industry. Today, the steel industry sees competition not only from native business but from abroad as well. Steel is used in almost every major commercial load bearing structure. Combined global competition and mixed uses has increased the need for civil engineers to conduct specialized research. A Brave New World The United States steel industry has a rich history. America started its loveRead MoreThe Small Business Administration ( Sba )1236 Words   |  5 PagesAbstract The Small business administration (SBA) was created on July 30, 1953, by President Eisenhower with the signing of the Small Business Act. When it was created, there are some presidents want to stop it and some presidents want to develop it. Therefore, we also can see it active in the United States government on today. In this paper, I will through the background of The Small Business Administration (SBA) to introduce what type of organization is it? What does the organization do? WhoRead MoreGdp Growth And Other Economic Indicators1408 Words   |  6 PagesGDP growth and other economic indicators Average per capita income in the United States has the increasing trend that covers a period of 1990 to 2014. The GDP per Capita reveals relationship in economic performance and population growth of a country. An increase in Gross Domestic Production per Capital shows development in economic leading to improvement in living standards. On the other hand, Australia GDP has shown a positive increase over last decade (Babihuga, 2007). The economic level has improvedRead MoreConcept Of Enterprise Architecture ( Ea )960 Words   |  4 Pagesunderstanding the nature and business composition is fundamental. There is need for business processes to represent and understand the operations of the company. According to Goethals (2006), to help your businesses to meet these challenges a concept called enterprise architecture was created, which emerged at the beginning of the 90s. Basically, EA is a holistic approach for the handling and management of an organization, which adopts a comprehensive view that covers from their business processes, informationRead MoreThe United States And International Business Transactions1513 Words   |  7 Pages The United States is a leader in international business transactions. As a result the law surrounding international business structures and business dealings has flourished in the United States. Companies around the world who have no ties to the United States use this country in forum selection clauses because they want the efficient structure of our legal system and alternative dispute resolution options. For being so advanced in most other areas of international business transaction law, oneRead MoreThe Uneasily Defined Organizational Stru cture of Apple Essay1180 Words   |  5 PagesThe Uneasily Defined Organizational Structure of Apple Anna Windust MGT/230 January 20, 2013 Christi Monk The Uneasily Defined Organizational Structure of Apple Organizational structures have been used for centuries to help people within organizations to understand who holds authoritative roles and how it is ordered, who has certain responsibilities and how they are organized and executed, and how communication flows between the tiers of management (â€Å"BusinessDictionary,† 2013). There areRead MoreThe Illegal Drug Business1361 Words   |  5 PagesThe Drug Business Paper Introduction The smuggling of drugs has been a part of the society for over a century in most parts of the world. This form of business has flourished mostly in the developed countries such as the United States of America, where the demand for drugs is high while there is no or very small production in the country. The production in the countries where drugs such as cocaine, heroin, cannabis, etc are supplied is banned mostly under the respective local laws, and therefore