42
independent business, that person is then entirely responsible for
its success or failure. Any profits go to the owner; any losses are his
orher responsibility as well.
One of the advantages of a sole proprietorship is that an owner
can make decisions without consulting anyone.
And individual
proprietor, by law, pays fewer taxes than does a corporation.
However, there are disadvantages to this form of business
organization. A sole proprietorship ends with the incapacity or
death of the owner.
The sole proprietorship is well adapted
to many kinds of small
businesses.
Some economic benefits of small businesses are:
a small business is often the starting point for developing
a new product or service;
the small business can give
a person a chance to get
experience;
small businesses are well suited for meeting specialized local
needs;
small businesses provide a service where knowing one’s
customers is important.
Послетекстовые упражнения
(The exercise to be done offer reading the text)
Упражнение 8. Переведите в письменной форме абзацы 1, 2, 3.
Упражнение 9. Заполните пропуски соответствующими
предлогами.
1. The sole proprietorship firm is operated …. a single person.
2. He is responsible …. its success or failure.
3. The sole proprietorship ends …. the incapacity …. the owner.
4. The sole proprietorship is adapted … many kinds … small
business.
5. Small business is suited … meet specialized needs.
