Forms of Business Organizations

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					Lecture 2

    Forms of Business
      Organizations
Sole Proprietorship

   usually operated by one person
   features
   advantages
   disadvantages
           Partnership
   Two or more owners, maximum 20.
   General partner: running and
    legally liable for the debts of
    business.
   Limited partner: contributed
    money or capital only.
   Advantages
   Disadvantages
           Corporations
   A legal entity separated from
    owners.
   Limited liability
   Private companies
   Listed companies
   Advantages
   Disadvantages
Small Business in Hong
Kong
SME (Small & Medium Enterprises)

Definition:
Enterprises engaging less than 100
 persons in the manufacturing
 sector and less than 50 persons in
 the other sectors.
Organizations that help
SME

   Trade Development Council
   Hong Kong Productivity Council
   HK Chamber of Small & Medium
    Business
          Small Business

   Importance of small business
   Popular forms of small business
   Reasons for success
   Reasons for failure
   Starting and operation the
    small business
           Franchising

   Franchisee: the buyer
   Franchiser: the seller
   Advantages
   Disadvantages
Homework
Visit the following websites:
 www.tdctrade.com/sme/

 www.smecentre.com

 Read Ch.3

				
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