Topic 6: Who's Running the Show?

PAS is both a corporation and a cooperative. It is a corporation because it hires professional workers to teach the students and officers to run the office. It is a cooperative in the sensed that it is non-profit. It aims for preparing the children to be compatible in going into States College.

 

PAS is created by Ms. Pamela (I am not sure) and, apparently, all decisions are made by her. I am not sure about how PAS really started; the following would be based on hypothesis. The fund (tuition fee) might be contributed by parents who also want to make their children get into foreign college but lack of a person who help them to organize everything. They might need to hire teachers, set up the school, and follow the governmental regulation. PAS has unlimited liability: those parents only need to pay for the money they wanted to contribute. PAS also has unlimited life, even the parents’ children go to college, they can still invest the money for the good of later students or just simply find other parents to give the money. At first the school might need to borrow money from banks. Yet, after the debts are paid, the “profit” will stay the same since it’s non-profit based. Being a corporation-school also has the advantage for the better access for resources. Though it’s going to face lots of government regulation, corporation is one of the business organizations that could forever.

 

If I am going to start a school, I might choose to run a partnership. We can start with a smaller class and provide intensive quality education. There would be fewer governmental regulations and it is easy to open and close.