会计英语unit_14_Forms_of_Business教材教学课件.pptVIP

Unit 14 Forms of Business Forms of business Corporations Single proprietorship Partnership Business organizations For accounting purposes, all three forms are separate from their owners. Legally, only corporations are separate from their owners. Ⅰ. Single Proprietorship Definition A single proprietorship is an unincorporated business owned by a person and often managed by the same person. No legal formalities are necessary to organize such businesses and usually business operations can begin with only a limited investment. Features The owner is solely responsible for all debts of the b