Advantages: 1.a sole proprietor is his own boss; The easiest form to start business; Disadvantages: 1.Lack of enough capital Unlimited liability (无限责任) Long working hours Lack of the fringe benefits (附加福利) (Unlimited liability 无限责任:if the business owes money, the business owner is...
4.Lack of thefringe benefits(附加福利) (Unlimited liability无限责任:if the business owes money, the business owner is responsible for the debts, and the owner may have to use personal assets to pay.Sole proprietors are liable for all the debts of the business.) (Limited liability有限责任:a...
26、.A corporation may deduct the cost of benefits it provides to officers and employees. 公司可以将其为管理人员和雇员提供的福利在成本中扣除。 deduct vt. 扣除,减去;演绎 例:Once you deduct your expenses,there is nothing left. 一旦扣除你的费用,就什么也没有了。 Pay your savings just like you...
Whataretherolesofabusiness?2.Arethereanybenefitsyoucangetfromabusiness?3.Howcanyouunderstandasuccessfulbusiness?Pleasegivesomeexamples.WordsandExpressionsalternatively adv.inplaceof,orasanalternativeto非此即彼;二者择一地(CET-4;TEM-4)Ifyoudonotlikeit,changeit.Alternatively,acceptit.WordsandExpressions...
What is the purpose of a limited liability company? What is a business plan needed for? (internally) What gives a corporation its legal status? What are the benefits of debt financing? What is the significance of the staffing function?
2.Unlimited liability(无限责任) 3. Long working hours 4.Lack of thefringe benefits(附加福利) Limited and unlimited liability 有限责任/债务与无限责任/债务 Unlimited liability:if the business owes money, the business owner is responsible for the debts, and the owner may have to use personal asset...
More is not always better : The benefits of cognitive limits and to have been able in the days of his greatest power to transact business with the deputies of every tribe subject to his rule in their own peculi... R Hertwig,PM Todd - John Wiley & Sons, Ltd...
A partnership is a collaborative relationship between two or more parties aimed at achieving shared goals or mutual benefits. It can take various forms, including business partnerships, strategic alliances, and joint ventures. To foster trust and accountability among partners, establishing clear roles, ...
The limited liability company (LLC) is a relatively new form of business entity that is fast gaining popularity among business owners, real estate investors and property developers. It has several advantages over corporations and partnerships because it combines certain tax and non-tax benefits of ...
Limited Liability Company (LLC):This is a relatively new business structure and was first available in Wyoming in 1977 and in other states in the 1990s. Alimited liability companycombines the pass-through taxation benefits of a partnership with the limited liability benefits of a corporation.8 Bu...