商务英语综合教程课件杜凤秋 ISBN9787810788113 PPT business organizationchap.1 sole trader.pptVIP

* Sole Trader Law of the People‘s Republic of China on Individual Proprietorship Enterprises中华人民共和国个人独资企业法 Article 2??The individual proprietorship enterprise referred to by this Law means a business entity which, in accordance with this Law, is established within China and invested in by one natural person and the??property of which is personally owned by the investor who shall assume unlimited liabilities for the debts of the enterprise with his own property. 第二条本法所称个人独资企业，是指依照本法在中国境内设立，由一个自然人投资，财产为投资人个人所有，投资人以其个人财产对企业债务承担无限责任的经营实体。 Definition of sole trader: The sole trader is an individual who owns and controls a business, receives all its profits and bears all its losses. Features of a sole trader organization: a. sole ownership b. sole responsibility for profits and loses. In establishing an individual proprietorship enterprise, the following requirements shall met:  (i) The sole proprietor is a natural person; (ii) There is a lawful enterprise name; (iii) There is capital contribution declared by the sole proprietor; (iv) There is a permanent place and the necessary conditions for production and operation; (v) There are necessary personnel. *