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Introduction to Business Course Profile Introduction to Business Bilingual Elementary/preparatory Comprehensive Theoretic Intensive input Course Objective Subject Knowledge Key Components Course Plan Requirements Starting Up a Business Chapter 1 Types of Business Organizations Definitions Sole Proprietorship Business owned and usually operated by one person, who is responsible for all of its debts Partnership Business co-owned by two or more persons Corporation Business that is legally considered an entity separate from its owners and is liable for its own debts; owners’ liability extends to the limits of their investments. Advantages and Disadvantages Terminology Types of company Sole proprietorship Partnership Corporation (C=conventional corporation) S corporation Limited liability company 我国公司形式 股份有限公司 即“股份公司” 可以向社会公开招股。(注:上市公司必须是股份公司,但股份公司不一定是上市公司。) 股东的股权证明是股票,可以转让 最低注册资金为500万,划分为等额股份 有限责任公司 即“有限公司” 不能公开招股。只能向发起人募资,出资人数2-50。股东间关系亲密,兼有合伙制的优点。 股东的股权证明为“出资证明”,是不能转让的 最低注册资金为3万,不划分为等额股份 Franchise Arrangement in which a buyer (franchisee) purchases the right to sell the good or service of the seller (franchiser) Characteristics Franchisor allows a franchisee to use its trade name, marks and brands Franchisor exercises continuing control over a franchisee Franchisor is obliged to provide training and assistance to a franchisee Franchisor requires a franchisee to make an initial and continuing payments to the franchisor Summary What is a sole proprietorship, partnership, corporation and franchise? What are the advantages and disadvantages of a sole proprietorship, partnership, corporation and franchise? What does “unlimited liability” mean? What does “limited liability” mean? What are the main differences between general and limited partners? Case analysis Lecture 1 L o g o * Lecture 1 Lecture 1 * Teacher’s Profile Name: Liu Hudie Education Background: M.A. in Business English, 2005-2007 , UIBE Teaching Experience: since 2007. 9 Through learning this cours
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