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    Seminar#5 Types of Businesses

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    Oyun-erdene Erdenebileg
    This document discusses different types of business ownership structures. It defines sole proprietorships, partnerships, cooperatives, limited liability companies (LLCs), incorporated companies, and C corporations. It also discusses topics like the risks of forming a corporation, steps toward business ownership, encouraging non-profit businesses, and tax benefits. The reading exercise provides sample questions and answers about different ways to own a business, how business size determines structure, and advantages of employee-owned cooperatives.

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    Seminar#5 Types of Businesses

    Uploaded by

    Oyun-erdene Erdenebileg
    24 views5 pages
    This document discusses different types of business ownership structures. It defines sole proprietorships, partnerships, cooperatives, limited liability companies (LLCs), incorporated companies, and C corporations. It also discusses topics like the risks of forming a corporation, steps toward business ownership, encouraging non-profit businesses, and tax benefits. The reading exercise provides sample questions and answers about different ways to own a business, how business size determines structure, and advantages of employee-owned cooperatives.

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    This document discusses different types of business ownership structures. It defines sole proprietorships, partnerships, cooperatives, limited liability companies (LLCs), incorporated companies, and C corporations. It also discusses topics like the risks of forming a corporation, steps toward business ownership, encouraging non-profit businesses, and tax benefits. The reading exercise provides sample questions and answers about different ways to own a business, how business size determines structure, and advantages of employee-owned cooperatives.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    24 views5 pages

    Seminar#5 Types of Businesses

    Uploaded by

    Oyun-erdene Erdenebileg
    This document discusses different types of business ownership structures. It defines sole proprietorships, partnerships, cooperatives, limited liability companies (LLCs), incorporated companies, and C corporations. It also discusses topics like the risks of forming a corporation, steps toward business ownership, encouraging non-profit businesses, and tax benefits. The reading exercise provides sample questions and answers about different ways to own a business, how business size determines structure, and advantages of employee-owned cooperatives.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 5

    MANDAKH UNIVERSITY

    Types of businesses
    Book 3 Unit 13
    MANDAKH UNIVERSITY

    Vocabulary
    • Sole proprietor /prəˈpraɪə.tər/ – хувиараа аж ахуй эрхлэгч
    • Partnership – нөхөрлөл
    • Co-operative – хоршоолол
    • Limited liability/ˌlaɪ.əˈbɪl.ə.ti/ company (LLC) Хязгаарлагдмал
    хариуцлагатай компани (British equivalent - Ltd.)
    • Incorporated (Inc.) – хувь нийлүүлсэн
    • C Corporation – хувьцаат компани
    MANDAKH UNIVERSITY

    • To go towards advancing the goals of your business – бизнесийн


    зорилгодоо хүрэхэд чиглэгдэх
    • Risks of forming corporation – корпораци байгуулах эрсдэл
    • To list steps towards business ownership – байгууллагын эзэмшилийн
    хэлбэрүүдийг дэс дараатайгаар тоочих
    • To encourage businesses to become non profit – бизнес эрхлэгчдийг
    ашгийн бус болгоход уриалах
    • To infer about – ойлгох
    • To be run by – үйл ажиллагаа нь явагдах
    • Tax benefits – татварын хөнгөлөлт
    • public - хувьцаат
    MANDAKH UNIVERSITY
    Reading
    Exercise: 1

    1. What are different ways that someone can own a business?


    Someone can own a business outright, when they are sole proprietor, or part of a
    business, such as when they are in a partnership. They can also own shares in a public
    company.

    2. How does a business’s size determine its structure?


    A very large company is more often than not a public company with many owners
    who are strangers. A small company is often privately owned by one individual or
    sometimes more, but who know each other well.

    3. Why is it to an employee’s advantage if the company they work for is a co-


    operative?
    The chapter states that it is an advantage to the employee if they work in a company
    that is a co-operative because all employees share the profits.
    MANDAKH UNIVERSITY

    Exc 9 Suggested Answer


    A partnership is risky because if your company doesn't
    succeed it will leave you with full financial responsibility.
    The advantages of an LLC are that you can save your
    members from full financial responsibility and you will pay
    fewer taxes.

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