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1、1.SoleProprietorships(个人企业即独资经营企业)Anorganizationthatisowned,andusuallymanaged,byoneperson.Advantages:1.asoleproprietorishisownboss;2.Theeasiestformtostartbusiness;Disadvantages:1.Lackofenoughcapital2.Unlimitedliability(无限责任)3.Longworkinghours4.Lackofthefringebenefits(附加福利)(Unlimitedliability无限责任:if
2、thebusinessowesmoney,thebusinessownerisresponsibleforthedebts,andtheownermayhavetousepersonalassetstopay.Soleproprietorsareliableforallthedebtsofthebusiness.)(Limitedliability有限责任:aperson’sfinancialliabilityislimitedtoafixedsum,mostcommonlythevalueofaperson’sinvestmentinacompany.)(fringebenefit附加福利
3、:anincidentalbenefitawardedforcertaintypesofemployment(especiallyifitisregardedasaright)suchashealthinsurance,disabilityinsurance,sickleave,vacationpay,etc.)2.Partnerships(合伙企业)Alegalrelationshipbetweenpersonscarryingonaprofit-motivatedbusiness.3keyelements:1)Commonownership,2)Sharedprofitsandlosse
4、s,共同收益共担风险3)Therighttoparticipateinmanaging.2typesofpartnerships:1)Generalpartnership(普通合伙)2)Limitedpartnership(有限合伙)(Thegeneralpartnersarrange&runthebusiness,whilethelimitedpartnersareinvestorsonly)Advantages:1.Combiningpeoplewithdifferentskillsandresourcestogether;2.Moremoneyandcredittopaytherent
5、,utilities,andotherbillsincurredbyabusiness.(E.g.husband-and-wifeteamsmanagingrestaurants,serviceshops)Disadvantages:1.Unlimitedliability2.Divisionofprofits3.Disagreementamongpartners4.difficulttoterminatethebusiness3.Jointventures(合资企业)Thepoolingofresourcesandexpertisebytwoormorebusinesses,typical
6、lyfromdifferentareasorcountriestoachieveaparticulargoal.(2或2个以上属于不同国家地区的公司为了达成一个特别的目的)Advantages:Businessexpansion,developmentofnewproducts,accesstonewmarketsanddistributionnetworks.Disadvantages:1:Imbalanceinlevelsofexpertise(专门技术、专家意见),investmentorassetsbroughtintotheventurebydifferentpartners.(技
7、术、投资、财产收益不均衡)2:Differentculturesandmanagementstylesresultinpoorintegration(综合、结合)andcooperation.(不同文化、管理方式导致合作出现磨合)4.Corporations(公司)Alegalentity(法人实体),allowedbylegislation(公司法),whichpermits(允许、准许)agroupofp