UNIT Sole proprietorship Before starting your business you have to choose the type of... Tasks... перевести и выучить балла...
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Sole proprietorship
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Before starting your business you have to choose the type of proprietorship in which you will own it. You should know that any business sho
Active vocabulary
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To choose – выбирать
proprietorship – собственность
to own – владеть
sole proprietorship – частная собственность
par
Forms of business ownership
Sole proprietorship: business that is owned, and usually managed by one person.
Example: most of the produce sellers at the central market.
Partnership: a business w
Miscellaneous definitions
Acquisition: obtaining (in business it is when one company buys another).
Merger: combination of to or more firms to form one company.
Example: many banks in the USA
Partnership
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The partnership. Partnerships are voluntary combinations of from two to twenty persons formed for the purpose of carrying on busines
Active vocabulary
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Purpose – цель
to share – делить
to carry on – вести
tax benefits – налоговые льготы
limited liability – ограниченна
READING
I
Partnership. A partnershipis a business organization that is owned by two or more persons. Partnerships offer certain advantages over sole propri
Corporation
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The corporation. A business corporation is an institution formed by two or more shareholders, who put money into business and get
READING
I
Corporation.A corporationis a business organization created under a government charter. Ownership of corporation is rep
Special types of business organizations
Not all business organizations fall neatly into the categories that we have described. Other types of business organizations are described below.
The S corporation – the corporatio
HOW TO START YOUR OWN BUSINESS
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The best reason for starting a business is to earn money, to travel, to get more knowledge of the world, to get business experience or to b
A young entrepreneur
Jayson Meyer was sixteen when he and his younger brother Matthew started their technology company. Jayson lives in Daytona Beach, Florida, in the USA. He looks like any typical university student,
Getting started in business
What do Juan from Spain and Jessica from the USA have in common? They are both teenagers running successful businesses. Juan, 16, has a gardening business with 75 clients and three employees. Jessi
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