【商务英语】企业产权形式(FormsofBusinessOwnership-完整版).doc

Business English 商务英语 Unit 2 Forms of Business Ownership企业产权形式 Teaching Objectives 1. To know the basic forms of business ownership; 2. To discuss the advantages and disadvantages of each form; 3. To examine mergers, acquisitions and franchises. 1. Sole Proprietorships （个人企业即独资经营企业） An organization that is owned, and usually managed, by one person. Advantages A sole proprietor is his own boss; 2. The easiest form to start business; disadvantages Lack of enough capital Unlimited liability (无限责任) 3. Long working hours 4.Lack of the fringe benefits (附加福利) Limited and unlimited liability 有限责任/债务与无限责任/债务 Unlimited liability：if the business owes money, the business owner is responsible for the debts, and the owner may have to use personal assets to pay. sole proprietors are liable for all the debts of the business. 2. Partnerships (合伙企业) A legal relationship between persons carrying on a profit-motivated business 3 key elements: 1) Common ownership, 2) Shared profits and losses, 3) The right to participate in managing. 3. Joint ventures (合资企业) The pooling of resources and expertise by two or more businesses, typically from different areas or countries to achieve a particular goal. 《中华人民共和国中外合资企业法》 “Law of the People‘s Republic of China on joint Venture Using Chinese and Foreign Investment Advantages Business expansion, development of new products, access to new markets and distribution networks. Disadvantages Imbalance in levels of expertise, investment or assets brought into the venture by different partners. Different cultures and management styles result in poor integration and cooperation. advantages limited liability: 2. skilled management team: professional managers(职业经理人) 3. transfer of ownership: 4. greater capital base: 5. stability: disadvantages multiple taxation(双重课税) 2. difficulty and expense of starting 3. government involvement 4. lack of secrecy 5. lack of personal interest 6. credit limitations 5. Limited liability companies (LLC, 有限责任公司)