Unit3NationalInterestinaWorldCommunity.pptVIP

* * Unit 3 National Interest in a World Community 1.? Introduction l?The majority of business organizations are corporations, others are general partnerships(一般合伙企业), limited partnerships（有限合伙企业）, and sole proprietorships（独资企业）. Less common are professional corporations（专业公司）, joint-stock companies（合股公司）, business trusts（商业信托） and joint ventures（合资企业）. The factors to be weighted in making the decision are ease of formation, financial resource available, control, taxation, management skills available, ability to raise capital, continuity, and legal capacity（法律地位）. 2. Sole Proprietorship owned by a single person. The principal advantage of the sole proprietorship is that the owner has exclusive control over its operations without accounting to board members, partners, or stockholders. Disadvantages___ first, the owner is exposed to unlimited liability. Second , it is normally not in the best position to raise large sum of money. Third, the lack of continuity. If the owner dies, or becomes too ill to continue operation of the business, there is no separate legal entity in existence with which the public, creditors（债权人）, or suppliers can deal to ensure the continuity of the business. 3. General Partnership An association of two or more persons to carry on, as co-owners, a business for profit. The common law does not recognize a partnership as a legal entity（法律实体）, but usually as an aggregation （集体）of individuals. Thus, unlike a corporation, a partnership is not a fictional person with a distinct legal existence apart from its members. Does not require a formal written agreement, an agreement in writing contains names of the partners, name, location, purposes, duration of the partnership, allocation of profits（利润分配） and losses among partners, capital contributions by partners, partners’ rights and responsibilities, dissolution procedures. Dissolution（解散） by act of the parties 1) by agreement; 2) withdrawal or addition of a partner; 3) violation of th