Forms of business ownership - раздел Образование, ПРЕДПРИНИМАТЕЛЬСТВО Sole Proprietorship: Business That Is Owned, And Usually Managed By On...
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 with two or more owners.
Example: some law firms, some accounting firms, etc.
General Partnership: has only General Partners (the General Partners are involved in the management of the firm but they have limited liability).
Limited Partnership: has Limited Partners (the Limited Partners have limited liability but they are not involved in the management of the firm) and at least one General Partner (the General Partners are involved in the management of the firm but they have unlimited liability).
Corporation: a business that is distinct legal entity (that is, that has an existence separate from its owners).
Closed Corporation: the stocks are held by a few people and are not available to the general public.
Example: M&M Mars Corporation.
Open Corporation: the stocks are sold to the general public.
Example: General Motors, Matsushita, Royal Dutch Shell.
Entrepreneur: one who starts a business, including its organization, management and risk-bearing.
Franchising: an arrangement for distributing goods or services that is agreed upon franchiser and franchisee.
Franchiser: the business that owns and sells others the right to distribute its goods and services.
Franchisee: the business that buys the right to distribute franchiser’s goods and services.
Example: many of Mc Donald’s stores, Hampton Inn (hotels).
UNIT Sole proprietorship Before starting your business you have to choose the type of... Tasks... перевести и выучить балла...
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Forms of business ownership
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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
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
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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
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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
Active Vocabulary
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оwn - собственный
to earn – зарабатывать
experience – опыт
skill – навык
to choose – выбирать
success – усп
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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