 What does a business structure refer to?

A business structure refers to the legal structure of an organization that is recognized in a given jurisdiction. It is a key
determinant of the activities an organization can undertake, such as raising capital, responsibility for business
obligations, and the amount of taxes owed to tax agencies.

 What are some important activities of an organization?

An organization’s legal structure determines activities such as raising capital, responsibility for business obligations,
and the amount of taxes the organization owes to tax agencies.

 According to the PPT, which are the forms of company allowed?

The four main forms of business structures in the United States include sole proprietorship, partnership, limited
liability company, and corporation.

 What should business owners consider?

Before choosing a legal structure, business owners should first consider their needs and goals and understand the
features of each business structure.

 Why a sole proprietorship is simple to set?

A sole proprietorship is simple to set up because it is not required to meet ongoing requirements such as shareholder
meetings and voting. It is also inexpensive to start, with minimal registration fees.

 What does a corporation and a Limited Liability provide?

A corporation and a Limited Liability Company (LLC) provide limited liability protection to their owners, which prevents
the owner’s personal assets from being sold off to settle the entity’s debts and liabilities.

 In a sole proprietorship form, who is responsible for the day-to-day operations of the business?

In a sole proprietorship, one individual is responsible for the day-to-day operations of the business.

 What are the other several advantages of a sole proprietorship form?

Several advantages of a sole proprietorship include being inexpensive to start with minimal registration fees, and in
most states, the only costs are business taxes and operating license fees. Business owners may also be eligible for tax
deductions, such as health insurance. Unlike an LLC, a sole proprietorship is not required to meet ongoing requirements
like shareholder meetings and voting or election of directors.

 In which case you can be self-employed?

You are self-employed if you run your own business as an individual and work for yourself, also known as being a ‘sole
trader’.

 What is a partnership?

A partnership is a form of business structure that comprises two or more owners. It is the simplest form of business
structure for a business with two or more owners. The business does not exist as a separate legal entity from its owners,
so the owners and the entity are treated as one person.
 What are the advantages a partnership offers?

When registering a partnership, there is little paperwork involved, and partners are not required to meet the same
level of requirements as Limited Liability Companies. Partnerships also enjoy a special taxation arrangement where
partners report their share of profit or loss on their income tax return.

 Why a Limited Liability Company (LLC) is a hybrid business structure?

A Limited Liability Company (LLC) is a hybrid business structure because it combines characteristics of both
partnerships and corporations. It provides personal liability protection to business owners while reducing tax and
business requirements.

 How could we register a Limited Liability Company?

When registering a Limited Liability Company, the entity must file its articles of association with the Secretary of State
where it intends to do business. In some states, the entity may also be required to file an operating agreement.

 What type of shares issued by the company can you mention?

Common or preferred shares are issued by the company and held by the shareholder.

 Who is a shareholder?

A shareholder is a person or institution that has invested money in a corporation in exchange for a “share” of the
ownership. This ownership is represented by common or preferred shares issued by the company and held by the
shareholder.

 What are the areas of this functional structure?

Functional areas often correspond to stages in the value chain such as operations, research and development, and
marketing and sales. They also include support areas such as accounting, finance, and human resources.
Adjective Exercises - 2º BIM

INSTRUCTION: Decidir donde corresponde el uso del adjetivo cuantitativo

a)​ Decide whether you have to use a little or a few:

1.​ Can you please buy _______ a few apples.
2.​ We need _______
a little water.
3.​ I have _______
a little money left.
4.​ I take _______
a little sugar with my coffee.
5.​ We had _______
a few pints of beer there.
6.​ You have _______
a little time left.
7.​ There are _______
a few chairs in the room.
8.​ He only spent _______a few dollars there.

some vs any
b)​ Decide whether you have to use some or any:
1.​ Is there _______
any milk left?
2.​ There is _______
some juice in the bottle.
3.​ Do you have _______
any coffee?
4.​ I don’t have _______
any money left.
5.​ She has _______
some money.
6.​ Do you know _______
any of these singers?
7.​ I don’t know _______
any of them.
8.​ I know some
_______ of them.

some vs many
 c)​ Decide whether you have to use some or many:
1.​The child put _______
some sand into the bucket.
2.​I can lend you _______
some money if you need it.
3.​There aren’t _______
many pears left. Only two.
4.​We had _______
some cake with the tea.
5.​Don’t eat so _______
many sweets or you’ll get fat.
6.​I had _______
some beer last night at the bar.
7.​I don’t have _______
many friends.
8.​He brought _______
some food with him.
little vs less
d)​Decide whether you have to use little or less:
1.​I have _______
little interest in classical music.
2.​I have _______
less faith in him.
3.​We need _______
less furniture in this dance hall than in the big one.
4.​You have to drink _______
less coffee.
5.​He has less
_______ money than I thought.
6.​Tonight, I drank _______
less wine than last night.
7.​She dedicates _______
less time to her homework than to her
hobbies.
8.​This will take _______
less time to finish than the last time we tried.

a little vs a lot
e)​ Decide whether you have to use a little or a lot:
1.​That may cost you _______
a lot of money.
 2.​I added _______
a little sugar to the mix.
3.​You’ll have to spend _______ a lot of cash on this car. (a lot)
4.​I can do it with _______
a little help from my friends.
5.​_______
a little change can really make a difference.
6.​I don’t have _______
a lot of free time today.
7.​He left _______
a lot of laundry for me to do.
8.​She gave him _______a little attention.
few vs little

f)​ Decide whether you have to use few or a little:

1.​There’s _______
little point in calling.
2.​_______
few people understood what he said.
3.​There is _______
little use in trying to do this.
4.​There’s _______
little space here as it is.
5.​There’s _______
little I can do about this.
6.​Dan is a great student. He has _______ few problems with
history.
7.​There was _______ little traffic on the road.
8.​I think Coventry will win the match but _______ few people agree
with me.

Lic. Sergio Barrios Clavel

​ TEACHER