Forms of Business OwnershipBusiness

Forms of Business Ownership
Business is a commercial enterprise performing all those functions that govern the production, distribution, and sale of goods and services for the benefit of the buyer and the profit of the seller. Since the beginning of the era of economic progress old ways of running business have been modified, and new forms of business organization have been introduced. This has enabled various branches of Industry to adapt to changing conditions and to function more easily, efficiently and profitably, sole proprietorship, partnership, and corporation being the main three forms of business ownership.
A sole proprietorship is a business owned by one person, in which all the profits belong to the owner, the latter being fully responsible for the success and the failure of the business. Unless an activity is specifically prohibited by law, no field of business is closed to an owner. Although advantages for the small business exist in this form, certain drawbacks make it undesirable for larger concerns. In the first place, the single owner is seldom able to invest as much capital as can be obtained by a partnership or a corporation. If single owners are able to invest large amounts of capital, they run great risk of losing it all because they are personally liable for all the debts of their businesses. It is due to unlimited liability that all the personal assets of the owner, including his home and car, can be sold to settle the debts of the business. Unless the owner has much personal wealth, the business may have difficulty borrowing money in critical times. A sole proprietorship may also have difficulty hiring and keeping good employees, because the business will dissolve when the owner retires or diesT]
A partnership is an association of two or more persons to carry on a business for profit. When the owners of the partnership have unlimited liability they are called general partners. If partners have limited liability they are "limited partners". There may be a silent partner as well - a person who is known to the public as a member of the firm but without authority in management. The reverse of the silent partner is the secret partner - a person who takes part in management but who is not known to the public.
Any business may have the form of the partnership, for example, in such professional fields as medicine, law, accounting, insurance and stockbrokerage. Limited partnerships are a common form of ownership in real estate, oil prospecting, quarrying industries, etc.
A business corporation is an organization created by law that allows people to associate together for the purpose of making profit. Corporations are also known as joint-stock companies because they are jointly owned by different persons who receive shares of stocks in exchange for an investment of money in the company.
Though corporation is more difficult and expensive to organize than other business forms, it has a number of advantages. First, investors can limit their personal liability to the amount of money they have invested, thus, if the corporation goes bankrupt, they can lose no more than they have put in.
Second, money to operate the business is obtained by the sale of stocks to the general public and this enables the corporation to exist independently of its owners.
But there is one great drawback of corporative form – it is double taxation of profits. However, in terms of size and oinfluence it is the corporation that has become the dominant business form existing in most countries with free market economies.

Результаты (английский) 1:

Forms of Business OwnershipBusiness is a commercial enterprise performing all those functions that govern the production, distribution, and sale of goods and services for the benefit of the buyer and the profit of the seller. Since the beginning of the era of the economic progress of the old ways of running the business have been modified, and new forms of business organization have been re-introduced. This has enabled various branches of Industry to adapt to changing conditions and to function more easily, efficiently and profitably, sole proprietorship, partnership, and corporation being the three main forms of business ownership.A sole proprietorship is a business owned by one person, in which all the profits belong to the owner, the latter being fully responsible for the success and the failure of the business. Unless an activity is specifically prohibited by law, no field of business is closed to an owner. Although the advantages for the small business exist in this form, certain drawbacks make it undesirable for larger concerns. In the first place, the single owner is seldom able to invest as much capital as can be obtained by a partnership or a corporation. If single owners are able to invest large amounts of capital, they run a great risk of losing it all because they are personally liable for all the 1.debts of their businesses. It is due to the unlimited liability that all the personal assets of the owner, including his home and car, can be sold to settle the 1.debts of the business. Unless the owner has much personal wealth, the business may have difficulty borrowing money in critical times. A sole proprietorship may also have difficulty hiring and keeping good employees, because the business will dissolve when the owner retires or diesT]A partnership is an association of two or more persons to carry on a business for profit. When the owners of the partnership have unlimited liability, they are called general partners. If partners have limited liability they are "limited partners". There may be a silent partner as well-a person who is well-known to the public as a member of the firm but without authority in management. The reverse of the silent partner is the secret partner-a person who takes part in management but who is not well-known to the public.Any business may have the form of the partnership, for example, in such professional fields as medicine, law, accounting, insurance and stockbrokerage. Limited partnerships are a common form of ownership in real estate, oil prospecting, quarrying industries, etc.A business corporation is an organization created by law that allows people to associate together for the purpose of making profit. Corporations are also known as joint-stock companies because they are jointly owned by different persons who receive shares of stocks in exchange for an investment of money in the company.Though corporation is more difficult and expensive to organize than other business forms, it has a number of advantages. First, investors can limit their personal liability to the amount of money they have invested, thus, if the corporation goes bankrupt, they can lose no more than they have put in. Second, money to operate the business is obtained by the sale of stocks to the general public and this enables the corporation to exist independently of its owners.But there is one great drawback of corporative form-it is double taxation of profits. However, in terms of size and oinfluence it is the corporation that has become the dominant business form existing in most countries with free market economies.

Результаты (английский) 2:

Ownership of Business Forms
Business is a commercial enterprise performing all those functions that govern the production, distribution, and sale of goods and services for the benefit of the buyer and the profit of the seller. Since the beginning of the era of economic progress old ways of running business have been modified, and new forms of business organization have been introduced. This has enabled various branches of Industry to adapt to changing conditions and to function more easily, efficiently and profitably, sole proprietorship About enterprise |, partnership, and corporation being the main three forms of business ownership.
A sole proprietorship About enterprise | is a business owned by one person, in which all the profits belong to the owner, the latter being fully responsible for the success and the failure of the business. Unless an activity is specifically prohibited by law, no field of business is closed to an owner. Although advantages for the small business exist in this form, certain drawbacks make it undesirable for larger concerns. In the first place, the single owner is seldom able to invest as much capital as can be obtained by a partnership or a corporation. If single owners are able to invest large amounts of capital, they run great risk of losing it all because they are personally liable for all the debts of their businesses. It is due to unlimited liability that all the personal assets of the owner, including his home and car, can be sold to settle the debts of the business. Unless the owner has much personal wealth, the business may have difficulty borrowing money in critical times. Sole proprietorship About enterprise | may A also have difficulty hiring and keeping good employees, because the business will dissolve when the owner retires or diesT]
A partnership is an association of two or more persons to carry on a business for profit. When the owners of the partnership have unlimited liability they are called general partners. If partners have limited liability they are "limited partners". There may be a silent partner as well - a person who is known to the public as a member of the firm but without authority in management. The reverse of the silent partner is the secret partner - a person who takes part in management but who is not known to the public.
Any business may have the form of the partnership, for example, in such professional fields as medicine, law, accounting , insurance and stockbrokerage. Partnerships are a Limited common form of ownership in real estate, oil prospecting, quarrying industries, etc.
A business corporation is an organization created by law that allows people to associate together for the purpose of making profit. Corporations are also known as joint-stock companies because they are jointly owned by different persons who receive shares of stocks in exchange for an investment of money in the company.
Though corporation is more difficult and expensive to organize than other business forms, it has a number of advantages. First, investors can limit their personal liability to the amount of money they have invested, thus, if the corporation goes bankrupt, they can lose no more than they have put in.
Second, money to operate the business is obtained by the sale of stocks the general public to this and enables the corporation to exist independently of its owners.
But there is one great drawback of corporative form - it is double taxation of profits. However, in terms of size and oinfluence it is the corporation that has become the dominant business form existing in most countries with free market economies.

Результаты (английский) 3:

forms of business ownership and doing business is a commercial enterprise and all those functions that govern the production, distribution and sale of goods and services for the benefit of the buyer and the profit of the seller. since the beginning of the era of economic progress old ways of running business have been modified, and new forms of business organization have been introduced.this has enabled various branches of industry to adapt to changing conditions and to function more easily, efficiently and profitably, which proprietorship, partnership, and the corporation being the main three forms of business ownership.
a (proprietorship is a business owned by one person, in which all the profits belong to the oldthe latter was fully responsible for the success and the failure of the business. enjoy an activity is specifically prohibited by law, no field of business is new to an owner. the advantages for the small business exist in this form, certain drawbacks make it undesirable for larger concerns. in the first place.the single owner is an able to invest as much capital as can be obtained by a partnership or a corporation. if single owners are able to invest large amounts of capital, they run the risk of losing it all, because they are personally liable for all the debts of their businesses. it is due to the unlimited liability that all the personal assets of the owner, including his home and car.can be sold to settle the debts of the business. enjoy the owner has much personal wealth, the business may have those borrowing money in critical times. a sole proprietorship may also have price hiring and keeping good employees, because the business is dissolve when the owner retires or diesT].a partnership is an association of two or more persons to carry on a business for profit. when the owners of the partnership have unlimited liability they are called general partners. if partners have limited liability, they are "limited partners". there may be a silent partner as well - a person who is known to the public as a member of the firm but without authority in management.the reverse of the silent partner is the secret partner is a person who takes part in the management, but who is not known to the public. any business may have the form of the name, for example, in professional fields such as medicine, law, accounting, insurance and stockbrokerage. limited partnerships are a common form of ownership in real estate, oil prospecting, quarrying industries, etc.a business corporation is an organization created by law that allows people to associate together for the purpose of making profit. corporations are also known as joint - stock companies because they are jointly owned by different persons who receive shares of stocks in exchange for an investment of money in the company.one corporation is more difficult and expensive to organize than other business forms, it has a number of advantages. first, investors can limit their personal liability to the amount of money they have invested, and, if the corporation goes bankrupt, they can lose no more than they put in.
second,money to operate the business is obtained by the sale of stocks to the general public and this enables the corporation to exist independently of its owners. but there is one great at of corporative form, it is double taxation of profits. however,in terms of size and oinfluence) is the corporation that has become the dominant business form existing in most countries with free market economies.