Sole Proprietorship, Partnership, Corporation & Limited Liability Company (LLC) - Episode 3

The CPA Board Exam is probably one of the toughest in the Philippines.
That's why we aim to help students to have a good fundamental accounting background to help them in their CPA journey.
In this series of lectures by The CPA Recipe, we discuss the basics of accounting in a fun, easy to understand, and engaging way.
In this episode, we discuss:
1. What is a sole proprietorship?
2. What is a partnership?
3. What is a corporation?
4. What is a limited liability company?
Subtopics discussed include:
-Legal Entity vs Accounting Entity
-Juridical Person vs Natural Person
-Liability of Partners in a Partnership
-Express vs Implied Corporate Powers
-Stocks and stock certificates
-Limited Partnership vs Limited Liability Company
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Episode 1: Introduction to Basic Accounting
• What is Accounting? Fr...
Episode 2: Debits and Credits
• Debits & Credits and P...
Feel free to comment on what you think about the lesson. Enjoy

[@TheCPARecipe]

Did you understand the lesson? If you do, comment down which business structure do you prefer and why:
a. Sole Proprietorship
b. Partnership
c. Corporation

[@user-nj1nt9yo6c]

can you make a video about Google Search Console?

[@muace520]

This vid is really helpful po, thank you.

[@jiffereyvelasco304]

very clear an explanation.... thanks sir

[@ma.ylaineb.paglicawan4414]

hala ang nice mag-explain

[@lenzilou5855]

Nice vid mixed with humor 😅 I learned a lot!

[@user-nj1nt9yo6c]

can you make video about the Google Search Console?

[@airafernan]

Hi. Sana po meron din po kayo nung difference sa mga tax sa business org. Thank you :)

[@nikclaus2372]

Hi I just want to ask in the UK setting, there is a business entity called limited liability partnership. Is it the same with LLC?

[@let_us_Grow]

Sir limited partnership structure puwede ba sa manufacturing business?

[@jxassemvlog7809]

Hello sir!
Just want to ask po if what business type that we should get registered for two owners and they share half of the shares?

[@producebl1016]

I always wanted to establish a Company Limited in PH, but is it allowed?

[@annalisapracuelles4099]

Sir hindi po ba kabilang si Cooperative sa tatlong yan?

[@patisseriedorbakingtoolsan2880]

how about yung bago po na One Person Corporation po?

[@escasinasmarivicr.9491]

Sir ask po ako if yung proprietorship has unlimited liability po?

[@TheCPARecipe]

Yes

[@escasinasmarivicr.9491]

@@TheCPARecipe Thank you sir😊

[@ronalynpascual4274]

Suggestion lng po, sana my lumabas na correct answer sa mga question po afrer makita ung result. Para maging reviewer na din po sana. Thank you. More videos pa po.

[@TheCPARecipe]

Bright idea. Sige next time po I'll do that. Maybe add more questions too.

[@arlenesantos4877]

Oo nga po sir :) para malaman namin if ano tamang sagot

[@TheCPARecipe]

@@arlenesantos4877 Done. You can now see correct answers. :)

[@angelinecabasag8034]

Suggest po sana hehe wag po masyadong mabilis sa pagsalita thank you po

[@TheCPARecipe]

Hi salamat sa feedback. ❤️ May nagsuggest rin previously so in the episodes after here, hindi na ako nagrarap.

[@susanhuerte557]

Update po plsss

[@TheCPARecipe]

Hi Ms. Susan. Episode 4 will be released later today. ❤️

[@TheCPARecipe]

Episode 4 is now available. Enjoy!

[@njtaneca859]

Ang kulit ng explanation.ahahhahaha

[@TheCPARecipe]

Hi! you can check out the latest video. Now available 😊