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1、FormsofBusinessOwnershipI’mreallyinterestedinBusinessEnglish.IthinkknowingsomethingaboutBusinessEnglishisnecessaryforme,andIbelievewhatIhavelearnedinthiscoursewillhelpmealotinthefuture.ThesearethereasonswhyIchosetolearnBusinessEnglish.Afterhalfasemester,Ihavelearnedmuchknowledgeaboutbusine
2、ssEnglish,forexample,formsofbusinessownership,bank,InternationalTrade,priceterms,businessnegotiation,etc.Ontheotherhand,IlearnedsomenewwaysoflearningEnglish;IlearnedhowtousetheInternettobroadenmyhorizons;andmylisteningskillalsohavebeenimprovedbecausetheteacheralwaysspeakEnglishinclass.I’mm
3、ajorinfinance,IthinktherearesomerelationshipsbetweenfinanceandbusinessEnglish,knowingsomethingaboutbusinessEnglishcanhelpmetolearnmymajorbetter.Nowlet’stalkaboutformsofbusinessownership—themostinterestingpartIhavelearnedinthiscourse.Oneofthefirstdecisionsthatyouwillhavetomakeasabusinessown
4、erishowthecompanyshouldbestructured.Thisdecisionwillhavelong-termimplications.Soitisveryimportanttoknowsomethingabouttheformsofbusinessownership.Oneofthenormalformsofbusinessownershipissoleproprietorship.Asoleproprietorshipisaformofbusinessthatisownedbyonlyoneperson.Soleproprietorshipsaret
5、ypicallysmallbusinesses.Formingaproprietorshipiseasyandinexpensive.Theproprietorhasdirectcontroloverhowthebusinessisrunandcanmakedecisionsonthespotwithouttheapprovalofanyoneelse.Thiscontrolallowstheownertorespondquicklytocompetitivebusinessconditionsortothechangesintheeconomy.Allprofitsfro
6、masoleproprietorshipbelongtotheowner.Profitsdonothavetobesharedwithanyone.Butasoleproprietorshiptakesunlimitedliability,whichmeansifthebusinessowesmoney,thebusinessownerisresponsibleforthedebts,andtheownermayhavetousepersonalassetstopay.Anotherformofbusinessownershipispartnership.Apartners
7、hipisabusinesswithtwoormoreownersandisslightlymorecomplexthanaproprietorship.Therearethreebasictypesofpartnership:generalpartnership,limitedpartnership,andjointventure.Ageneralpartnershipinvolvesacompletesharinginthemanagementofabusiness.Inageneralpartnership,
