sole proprietorship:个体户
advantages:
1.simple to establish
2.freer in decision-making
3.easy to keep operational and financial secrecy
4.less tax burden
5.exclusive use of profits
disadvantages
1.unlimited liability
2.limited access to capital
3.limited mangerial expertise
partnership:合伙公司
advantages:
1.improved access to capital and credit
2.greater possibility for good management
3.definite legal framework
4.better prospect for growth
disadvantages:
1.unlimited liability
2.internal conflicts
3.problem of continuity
corporation:(股份有限)公司
advantages:
1.limited liability
2.easy to expand
3.separated ownership and management
4.continuous life
disadvantages:
1.double taxation
2.high organizing costs
3.lack of secrecy
s corporation and limited liability company :有限责任公司
a special form:franchising:特殊形式:特许经营
advantages:
disadvantages:
1.setting up a business
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