Sole Proprietorship---By Roya and Jade

briefing

Definition

Analysis of the exact case

definitionSole proprietorship:

a business owned and controlled by just one person and in which there is no legal distinction between the owner and the business.

Form in China ： individual business establishment ：

Need the name and place for business Need the system of commerce and accountancy Investor and proprietor could be separate Can build up branches Participate in legal activities by using the identity of company

individually-owned business No need the place and place No need the system of the finance and accountancy No branches Use the personal identity Investor and operator should be the same person

Case analysis

The way the store operates:

--- Xiaofeng milk tea store

The Xiaofeng milk tea store is one famous individually-owned business in Foshan, which is located in Chancheng and has a series of specific products. The disadvantages and advantages will be shown through the verbal explanation.

General Partnership

普通合伙

By Sharon

Main Character

♦A general partnership comprises general partners who bear joint and several liabilities for the debts of the partnership enterprise.

♦There is a special general partnership which can be employed by professional service providers such as accountant firms and law firms. 

Advantages

• Improved access to capital and credit• Greater possiblity for good management• Definite legal framework• Batter prospects for growth• ……

Disadvantages

• Because each of the partners has unlimited personal liability, a general partnership is the single most dangerous form for conducting one’s business.

• Not only is a partner liable for contracts entered into by other partners, each partner is also liable for the other partner’s negligence. 

•  each partner is personally liable for the entire amount of any partnership obligation. 

Wenzhou LANSITE Welding Equipment Plant温州蓝斯特焊接设备厂

☻It is the industry's elite to form a vibrant and dynamic enterprises.

Main Product

• Hot Air Welding Pistol• Hot air device • Auto Hot Air Welding Machine• Geomembrane welding machine• Plastic extruding welder• Testing tool• Accessory

http://www.chinalst.com/en/introduce.html

Do U know what is Limited Liability Company (LLC)

Aha~let’s tell U & no thx

Hey~guys

What is LLC?

• 1 、 is a flexible form of enterprise that blends elements of partnership and corporate structures

• 2 、 It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions

• 3 、 do not need to be organized for profit

Advantage of LLC

• 1 、 Check-the-box taxation • 2 、 Limited liability • 3 、 Much less administrative paperwork and record

keeping than a corporation • 4 、 Pass-through taxation • 5 、 Using default tax classification, profits are taxed

personally at the member level, not at the LLC level • 6 、 Less risky to be "stolen" by fire-sale acquisitions • 7 、 and so on……

Disadvantage of LLC

• 1 、 It may be more difficult to raise financial capital • 2 、 Many states ， levy a franchise tax or capital

values tax on LLCs • 3 、 The management structure of an LLC may be

unfamiliar to many • 4 、 Renewal fees may also be higher

Every coin has two sides~~

A Brief of Procter & GambleThe history of P&GSubordinate brands of P&G

The History

1837, the P&G copartership was founded. 1850, take "the stars and moon"as its logo. 1892, Employee Storck Ownership Plans. ...... 1945~1980, purchase many factories, companies and

brands. 1988, Guangzhou P&G LLC was founded. (with Hutchis

on Whampoa) 2001, 12 brands whose annual sales are more than 1 bi

llion dollars.

16

From the history of P&G, we can easily tell, it is a corporation. let's learn more about it~~~

advantages VS. disadvantages

Advantages Disadvantages

limited liability double taxation

easy to expand high organizaing costs

seperated ownership and mangement lack of secrecy

continuous life

Thanks for your attention!

Group member: Kid, Rain, Royal, Sharon, Jade, Jewel, Jane, Camblin