研究生商务英语ppt课件

1、Setting up a BusinessnBrief IntroductionForms of business: n1.Sole proprietorshipn2.Partnershipn3.Corporation n4.Franchising Sole proprietorshipnA business owned and controlled by one person.AdvantagesnSimple to establish. nFreer in decision-making. nEasy to keep operational and financial secrecy. n

2、Less tax burden. nExclusive use of profits. DisadvantagesnUnlimited liabilitynLimited access to capital. nLimited managerial expertise.PartnershipnAn association of 2 or more persons to carry on as co-owners of a business for profit. AdvantagesnImproved access to capital and credit.nGreater possibil

3、ity for good management.nDefinite legal framework.nBetter prospects for growth.DisadvantagesnUnlimited liabilitynInternal conflicts nProblem of continuityCorporationnAt least three incoporators(stockholders or shareholders) needed to form a corporation. nA corporation is a legal person.AdvantagesLim

4、ited liabilityEasy to expandSeparated ownership from managementContinuous lifeDisadvantagesDouble taxationHigh organizing costsLack of secrecyFranchisingnA licensing agreement, under which the franchisor grants the franchisee the right to sell or use the formers product, service or method in return

5、for a royalty from the latter. AdvantagesnHave instant customer recognition but still enjoy some independence as a sole proprietor. nReceive training and guidance from the franchisor.nHave less difficulty getting bank loans than a sole proprietor of a small business.DisadvantagesFranchise arrangemen

6、ts may reduce risks, but do not guarantee success.High royalty makes business running with no profits or even at a loss. Franchisee has to sacrifice some independence for most of details of business operation.Discussion:n1. In which field will you set up your business? Explain your choice. n2. Will

7、your business be a sole proprietorship, a partnership or a corporation? Explain your decision. Terms: nSole proprietorship个体经营，个体户个体经营，个体户nPartnership合伙公司合伙公司 nCorporation股份有限公司股份有限公司nFranchising特许经营特许经营nlicenses/permits营业执照 nsole proprietor个体业主nshareholders股东nboard directors董事.nunlimited liability无限责任nassets资产(尤指可用来偿债或担保的)nfinancing 融资npersonal property个人资产 nwithdraw capital撤资 nraise capital筹资ngeneral partners普通合伙人 nlimited partners(special partners)责任有限合伙人nextend credit提供信贷ngo broke破产BOD董事会 legal person法人 bonds债权collateral抵押物Loan against coll