Businesses are structured in different ways to mee
Businesses are structured in different ways to meet different needs.The(26)form. of business iscalled an individual or sole business.The businessman owns all of the property of the business and is(27)everything.For legal purposes, with this kind of business, the owner and the company are thesame.This means the businessman gets to keep all of the profits of the business, but must also28Another kind of business is the partnership.Two or more people go into business together.An (29) is usually needed to decide how much of the partnership each person controls.One kind of partnership iscalled a limited liability partnership.These have full partners and limited partners.Limitedpartners may not share as much in the profits, but they also have less responsibility for the business.Doctors, lawyers and(30)often form. partnerships to share their risks and profits.A husband andwife can form. a business partnership together.Partnerships (31) only for as long as the owners remain alive.The same is true of individual business.But corporations are (32) to have an unlimitedlifetime.A corporation is the most complex kind of businessorganization.Corporations can sell stockas a way to (33 )Stock represents shares of ownership in a company.Investors who buy stock can (34) their shares or keep them as long as the company is In business.A company might use some ofits (35) to pay dividends (红利) as a reward to shareholders.Or the company might reinvest themoney back into the business.
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