研究生商务英语1课件

Unit1SettingupaBusinessBriefIntroductionFormsofbusiness:1.Soleproprietorship2.Partnership3.Corporation4.Franchising

AdvantagesSimpletoestablish.Freerindecision-making.Easytokeepoperationalandfinancialsecrecy.Lesstaxburden.Exclusiveuseofprofits.

Disadvantages

UnlimitedliabilityLimitedaccesstocapital.Limitedmanagerialexpertise.PartnershipAnassociationof2ormorepersonstocarryonasco-ownersofabusinessforprofit.

Disadvantages

UnlimitedliabilityInternalconflictsProblemofcontinuityCorporationAtleastthreeincoporators(stockholdersorshareholders)neededtoformacorporation.Acorporationisalegalperson.AdvantagesLimitedliabilityEasytoexpandSeparatedownershipfrommanagementContinuouslifeFranchisingAlicensingagreement,underwhichthefranchisorgrantsthefranchiseetherighttosellorusetheformer’sproduct,serviceormethodinreturnforaroyaltyfromthelatter.AdvantagesHaveinstantcustomerrecognitionbutstillenjoysomeindependenceasasoleproprietor.Receivetrainingandguidancefromthefranchisor.Havelessdifficultygettingbankloansthanasoleproprietorofasmallbusiness.DisadvantagesFranchisearrangementsmayreducerisks,butdonotguaranteesuccess.Highroyaltymakesbusinessrunningwithnoprofitsorevenataloss.Franchiseehastosacrificesomeindependenceformostofdetailsofbusinessoperation.Terms:Soleproprietorship个体经营，个体户Partnership合伙公司Corporation（股份有限）公司Franchising特许经营licenses/permits营业执照soleproprietor个体业主shareholders股东boarddirectors董事.unlimitedliability无限责任assets资产(尤指可用来偿债或担保的)financing融资personalproperty个人资产withdrawcapital撤资raisecapital筹资generalpartners普通合伙人limitedpartners(specialpartners)责任有限合伙人extendcredit提