問題一覧
1
a type of business entity owned and operated by a single person.
Sole Proprietorship
2
requires only the sole owner's resolve to start operating and getting the needed permits and licenses.
Ease and Cost of Formation
3
not required by law to share information with anyone.
Secrecy
4
can be dissolved by the owner at will.
closing the business
5
freedom to use profits in any way desired.
Distribution and Use of Profits
6
sole authority which is important, especially under critical competitive situations.
Control of the Business
7
spared from government rules and charter restrictions on operations.
Government Regulation
8
net income treated as the personal income of the sole owner
taxation
9
need for a "generalist" skilled in various specializations.
Owner's Lack of Ability and Experience
10
good employees tend to get employment in a more stable enterprise
Difficulty in Attracting Good Employees
11
depending on the financial resources of the sole owner.
Difficulty of Raising Capital
12
depending on the physical well-being of the owner.
Limited Life of the Firm
13
the possibility that liabilities made may affect personal assets
Unlimited Liability of the Proprietor
14
legal association of two or more persons as co-owners of an unincorporated business.
Partnership
15
requires only the agreement of partners on basic aspects.
Ease of Formation
16
combined resources
More Funds Available
17
different individuals and complementary skill sets
Pooling of Knowledge and Skills
18
offering partner status to valuable employees.
Ability to Attract and Retain Employees
19
The company's income is not taxed separately from the partners' incomes
Tax Advantage
20
two or more persons, each with unlimited liability, actively involved in the business.
General partnership
21
when the liability of one or more partners is limited to the amount of assets invested.
limited partnership
22
an enterprise chartered by law, with most of the legal rights of a person, including the right to conduct a business, to own and sell property, to borrow money, and to sue or be sued; owners = stockholders.
Corporation
23
composed of individuals or small businesses that have banded together to reap the benefits of a larger organization; not built for profit but to make every member profitable.
cooperative
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for example-disagreement on ways of operating, new product lines and employees, and employees' welfare benefits.
Potential Conflict Between Partners
25
Whatever assets are left and liabilities remain unpaid is not easy for the partners to share.
Difficulty in Dissolving the Business
26
a financial service firm owned by its policyholders or depositors.
Mutual Company
27
depositors; savings and mortgage loans
Mutual Savings Bank
28
policyholders; voting controlled by the insured
Mutual Insurance Company
29
wherein the capital is divided into small units permitting several investors to contribute varying amounts to the total, profits being divided between stockholders in proportion to the number of shares they own
Joint Stock Company
30
partnership established for a specific undertaking (e.g., producing a movie or a concert, mining or oil exploration, projects such as a dam or an airport, underwriting, or selling of securities).
Joint Venture
31
when a trustee is appointed to manage the business under a trust agreement - the owners convey their property, securities, or other assets to a trustee in exchange for transferable trust certificates entitling the owners to participate in the profits and transferring the liability to the trustee.
Business Trust