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1、Forms of Business OwnershipIm really interested in Business English. I think knowing something about Business English is necessary for me, and I believe what I have learned in this course will help me a lot in the future. These are the reasons why I chose to learn Business English.After half a semes
2、ter, I have learned much knowledge about business English, for example, forms of business ownership, bank, International Trade, price terms, business negotiation, etc. On the other hand, I learned some new ways of learning English; I learned how to use the Internet to broaden my horizons; and my lis
3、tening skill also have been improved because the teacher always speak English in class. Im major in finance, I think there are some relationships between finance and business English, knowing something about business English can help me to learn my major better.Now lets talk about forms of business
4、ownershipthe most interesting part I have learned in this course.One of the first decisions that you will have to make as a business owner is how the company should be structured. This decision will have long-term implications. So it is very important to know something about the forms of business ow
5、nership.One of the normal forms of business ownership is sole proprietorship. A sole proprietorship is a form of business that is owned by only one person. Sole proprietorships are typically small businesses. Forming a proprietorship is easy and inexpensive. The proprietor has direct control over ho
6、w the business is run and can make decisions on the spot without the approval of anyone else. This control allows the owner to respond quickly to competitive business conditions or to the changes in the economy. All profits from a sole proprietorship belong to the owner. Profits do not have to be sh
7、ared with anyone. But a sole proprietorship takes unlimited liability, which means if the business owes money, the business owner is responsible for the debts, and the owner may have to use personal assets to pay.Another form of business ownership is partnership. A partnership is a business with two
8、 or more owners and is slightly more complex than a proprietorship. There are three basic types of partnership: general partnership, limited partnership, and joint venture. A general partnership involves a complete sharing in the management of a business. In a general partnership, each partner has u
9、nlimited liability for the debts of the business. A limited partnership has at least one general partner, who assumes unlimited liability, and at least one limited partner whose ability is limited to his or her investment in the business. Limited partners are barred from participating in the managem
10、ent of the business but share in the profits in accordance with the terms of the partnership agreement. A joint venture is a partnership established for a specific project or for a limited time. A partnership may have more money and credit to pay the rent, utilities, and other bills incurred by a bu
11、siness. This is one advantage of partnerships. Of course, partnerships also have many disadvantages, like the sole proprietorship, general partnerships also have to take unlimited liability. There might be many disagreement among the partners, and the may have problems when devise the profits.The th
12、ird form of business ownership is corporation. A corporation is a separate legal entity of body, created under the authority of the laws of a state. As a legal entity, a corporation has many of the rights, duties, and powers of a person. A corporation takes limited liability and has greater capital
13、base. There are skilled management team and many professional managers in a corporation. But a corporation may lack of personal Interest and have credit limitations.Another common form of business ownership is limited liability company (LLC). A limited liability company is a type of business ownersh
14、ip combining several features of corporation and partnership structures. To become publicly owned, LLC often launch shares of stock onto the open market. Due to the rapid rate of world economic development, companies adopt many competition strong ways to increase their strength in order to receive m
15、ore profits, for example mergers, acquisition and franchise.These are something I have learned about forms of business ownership. I think this knowledge would help me a lot if I do business in the future. 英语谚语警句100句精选Proverbs are the daughters of daily experience.谚语是日常经验的结晶。1. Look before you leap./
16、Second thoughts are best. 三思而后行。/再想而后行。2. Great minds think alike; (heroes have similar views.) 英雄所见略同。 3. We shall never have friends if we expect to find them without fault.欲求完美无缺的朋友必然成为孤家寡人。4. What you sow, you must mow. 种瓜得瓜，种豆得豆。5. A beggar can never be bankrupt.天无绝人之路。6.A friend in need is a friend indeed.患难见真情。7. No news is good news. 没有消息就是好消息。8. No cross, no crown. 不经历风雨,怎么见彩虹。9. The more haste, the less speed. /Haste makes waste.欲速则不达。10.
