NAMA : Dewi Larasati
NIM : 1114290080
Tugas :BI page 2, 3, 8
Semester : 1
Fakultas Ekonomi "Manajemen"
LESSON 1
A SOLE PROPRIETORSHIP
DIALOGUE
John : Hi, Carol. How are you?
Carol : Fine, thanks, John. How are you?
John : Fine. It’s good to see you.
Carol : You, too. I’m glad you have time to talk today.
John : Sure.
Carol : I’d like some advice.
John : Well, I’d be happy to help in any way I can.
Carol : You know, I’ve been designing clothes for quite a while and I’ve always been interested in fashion. I’m thinking of starting my own business-a boutique.
John : I think you might have a good idea.
Carol : well, I need to learn about the responbilities of going into business.
John : Are you going into this business by yourself?
Carol : Yes, I’d like to have a company with my name on it, where I make the decinions and where I control the profits.
John : You seem determined, so I’ll try to help you. If you go into business alone, it’s called a sole proprietorship. In this case, you probably won’t even need a lawyer to form the business. You can start or stop the business when ever you like.
Carol : That’s good. What other encouraging things can you tell me?
John : You don’t have to consult partners or a board of directors, so you can put your policies into effect quickly. You decide on your vacation, hours, salary, hiring, and firing.
Carol : It sounds good.
John : Wait a minute. I feel I have to tell you about some of the risks involved, too.
Carol : What kinds of risks?
John : The most important risk to remember is that you have unlimited liability. This means that you are responsible for all your business debts.
Carol : Does that mean that I have to declare personal bankruptcy if the business fails?
John : Exactly. You could lose personal assets.
Carol : It sounds frightening. What else should I know?
John : You won’t get some of the tax benefits other types of business get.
Do you have financing? That’s usually difficult for a small business to get.
Carol : Yes, I know. Fortunately, that’s taken care of. By the way, do you know of a good accountant to do my taxes?
John : Sure. You’ll also have to hire a bookkeeper unless you think you can do your books yourself.
Carol : I’m not sure about that yet. I have to think about it. What else, John?
John : Well, before we get into other things, why don’t we have a cup of coffee?
Carol : As usual, you have good advice, John.
PAGE 2 & 3
Exercise 1 : STRUCTURAL PRACTICE
STATEMENT : There are several advantages to having a sole propietorship
(Note that you will always be substituning for a different word in the sentence )
1. Open a boutique.
Answer : I’m thinking of opening a boutique
2. Call a lawyer.
Answer : I’m thinking of calling a lawyer
3. Pay my taxes.
Answer : Im thinking of paying my taxes
4. Sell my shop.
Answer : I’m thinking of selling my shop
5. Hire an employee.
Answer : I’m thinking of hiring an employee
6. File for bankruptcy.
Answer : I’m thinking of filefor bankruptcy
7. Manage it myself.
Answer : I’m thinking of managing it my self
8. Fire my accountant.
Answer : I’m thinking of firing my accountant
Exercise 2 : SUBSTITUTION DRILL
1. owning
Answer : There are several advantages to owning a sole propietorship
2. Disadvantages
Answer : There are several disadvantages to having a sole propietorship
3. Starting
Answer : There are several advantages to starting a sole propietorship
4. In
Answer : There are several advantages in having a sole propietorship
5. A new business
Answer : There are several advantages to having a new business
6. Boutique
Answer : There are several advantages to having a boutique
7. Will be
Answer : There are will be several advantages to having a sole propietorships
8. A lot of
Answer : There are a lot of advantages to having a sole propietorship
Exercise 3 : FURTHER PRACTICE
1. An accountant will prepare the tax report.
Answer : I’m going to have an accountant prepare the tax report
2. John will give me advice.
Answer : They are going to give me advice
3. A lawyer will do this work.
Answer : I’m going to have a lawyer do this work
4. A secretary will mail the letters.
Answer : I’m going to have a secretary mail the letters
5. A friend will finance the business.
Answer : She is going to has a friend finance the business
6. A salesperson will sell the clothes.
Answer : She is going to has a salesperson sell the clothes
7. A decorator will design the shop.
Answer : I’m going to have a decorator design the shop
LESSON 2
PARTNERSHIP
DIALOGUE
(Two friends, Martin and Barbara, are having lunch together in a restaurant)
Martin : Well, it’s been a long time, Barbara. What have you been doing?
Barbara : I’ve been pretty bussy. You know, I went into business with my
friend, Jean.
Martin : Oh, yes. How’s it going?
Barbara : Pretty well. We get along quite well and the shop is beginning
to attract more customers.
Martin : Good. Are you two a partnership?
Barbara : Yes. I’m very pleased about it. We seem to have the right combination. Jean’s backgrounds is accounting. She’s the one who’s good at keeping the books and ordering stock.
Martin : And you?
Barbara : Well, you know, I’ve always liked talking a lot-I guess I’m rather good with customers. I enjoy selling.
Martin : Sounds interesting. I guess it’s not too risky a business.
Barbara : We haven’t had any problems, although I suppose all business can be risky. Being partners, we’re both liable.
Martin : Did you both put the same amount of money into the business? Or
do you mind my asking?
Barbara : To tell you truth, we didn’t invest the same amount of capital. But we’ve combined our resources very well, I think. It seems to be a good deal for both of us.
Martin : It sounds like it. That is one advantage of a general partnership. One partner can invest less capital than the other-in fact, no money at all-but a partner can contribute important services or skills, sometimes just a name or reputation.
Barbara : Exactly.
Martin : What kind of arrangement do you have for distribution of profits and losses?
Barbara : They’re equally shared. We hope to be in business for a long time.
Martin : Good for you. You’ve really become very knowledgeable about business.
Barbara : Believe me, I’m still learning. The subject becomes quite technical.
Martin : But I’m glad to hear you’re doing so well. Next time, you’ll take me to lunch.
PAGE 8
Exercise 1 : SRUCTURAL PRACTICE
1. Jean is woman. She used to be in accounting.
Answer : Jean is the woman who used to be in accounting.
2. Barbara is a woman. She is Jean’s partner.
Answer : Barbara is the woman who is Jean’s partner.
3. Barbara and Jean are friends. They run a shop.
Answer : Barbara and Jean are friends who run the shop.
4. Martin is a friend. He had lunch with Barbara.
Answer : Martin is the friend who had lunch with Barbara.
5. Barbara is a partner. She is good at selling.
Answer : Barbara is the partner who is good at selling.
6. Jean is a partner. She is good at ordering stock.
Answer : Jean is the partner who is good at ordering stock.
7. Barbara and Jean are partners. They have the right combination.
Answer : Barbara and Jean are partner who have the right combination.
8. Partners are people. They share unlimited joint liability
Answer : Partner are people who share unlimited joint liability.
