Chapter 2Forms of Business
Chapter 2 Forms of Business
LearningobjectivesOncompletionofthischapter,studentsshouldbeableto:Knowsomeusualformsofbusiness,Explainlegaltermssuchasliabilityandlegalperson,Understandtheconceptsofunincorporatedandincorporatedbusinessforms,HaveageneralunderstandingofvariousformsofenterprisesinChina
Learning objectives On completion of this chapter, students should be able to: ⚫Know some usual forms of business, ⚫Explain legal terms such as liability and legal person, ⚫Understand the concepts of unincorporated and incorporated business forms， ⚫Have a general understanding of various forms of enterprises in China
Contents2.1“Persons"inlaw。2.2BusinessOperationForms2.3ThePresenceofBusinessEntitiesinChina
Contents ◦ 2.1 “Persons” in law ◦ 2.2 Business Operation Forms ◦ 2.3 The Presence of Business Entities in China
ENTREPRENEURChoosingaFormofBusinessSELF-EMPLOYEDOneofthemost important decisionsmadebyapersonbeginninga1BUSINESS OWNERbusinessischoosingaformofbusiness.YOUR OWN BoSyThisdecisionis importantbecausethebusinessowner'sliabilityandcontrolofthebusinessvarygreatlyamongthemanyformsofbusiness.Enterprise。Businessentity。Partnership。Company。Corporation。Co.LLC,CLSWHAAAAAAT?GPSP
Choosing a Form of Business ◦ One of the most important decisions made by a person beginning a business is choosing a form of business. ◦ This decision is important because the business owner’s liability and control of the business vary greatly among the many forms of business. ◦ Enterprise ◦ Business entity ◦ Partnership ◦ Company ◦ Corporation ◦ Co. ◦ LLC,CLS ◦ GP,SP ◦
fuKMIKMI International Corp.AppleInc.plusfu co.,Itd.Co.,Ltd./Ltd/LLC=CompanyLimited有限责任公司Corp.=Corporation，ingeneralitmeanscompany泛指“公司"Inc.=Incorporated
Co., Ltd./Ltd/LLC = Company Limited 有限责任公司 Corp. = Corporation , in general it means company泛指“公司” Inc. = Incorporated