工商导论工业基础

Partnership
Concept from China A partnership is a type of business entity in which partners (owners) share with each other the profits or losses of the business upon the oral or written agreement.
In a partnership, members are generally identified as:


Limited partners---away from management, limited liability general partners---active in management, unlimited liability
Sole Proprietorship（个体户，独资企业） Partnership （合伙企业）



Corporation（股份公司）
Franchising （特许经营）

Sole Proprietorship
A sole proprietorship is a business owned and controlled by one person. It is a "sole” proprietorship in the sense that the owner has no partners. e.g. Street restaurants, grocery stores, drug stores
Discussion

How are profits distributed in sole proprietorships, partnerships and corporations?
Key Terms
Sole proprietorship Partnership Corporation Franchise License/permit Shareholder Board director Law firm Accounting firm Real estate firm General partner Extend credit


Although partnersh百度文库ps can be formed upon oral agreement, most partnerships have a written contract which stipulates the duties of each partner, the way to share profits and losses, and in case of dissolution, the method to divide assets and/or liabilities. In addition, using their relatively huge assets as collateral, corporations may be able to take out large loans from banks or other financial institutions. Therefore, it is relatively easy for corporations to finance expansion.
Corporation
Corporations in the United States
business formation sales revenue
corporati on other forms
corporatio ns other businesses
Model of Boeing's first plane, the B&W, on June 16th, 1916, at Future of Flight Museum shop
franchise-wide policies and practices.
The franchisor assists the franchisee in financing, selecting business site, organizing, training, purchasing, advertising and other management activities.
Franchising
Franchising is licensing agreement between a parent company (franchisor) and a franchisee that allows the franchisee to operate a business developed by the franchisor in return for a fee and adherence to
Partnership
Concept from US Uniform Partnership Act
A partnership is “an association of two or more persons to carry on as co-owners of a business for profit.
Business Environment (17-18)
Chapter One
Setting Up a Business ---Types of Business Entity
Generally speaking, there are four major forms of business in a market economy:
Key Terms
Sales revenue Bond Collateral Dividend Income tax Double taxation Corporate charter Stockholder Franchisor franchisee
Translate the following sentences in professional language
Fundamentals of Business
Instructor: Li Yang diy_530@163.com
Overview
Marketing (1-5) Finance (6-10) Business Law ( 11)
Trade (12)
Enterprise Management ( 13-16)