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Englisch Vokabeln (Subject) / Unit 12 (Lesson)

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• legal structure Rechtsform (Unternehmen)
• Sole trader Einzelunternehmen Advantages be your own boss, easy to start, all profits are yours   Disadvantages full liability, finance is difficult
• partnetship Partnerschaft OHG Advantages can share work (take holidays)   Disadvantages pay for partners debts, if one leaves business can dissolved
• Limited Company Unternehmen, AG Advantages limited liability, easy to finance (issuning shares)   Disadvantages lots of formalities, (not easy to start)

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