The private enterprise
Answers are for parents and teachers.
1
Table: compare a private enterprise and an LLC by founders, liability, attracting partners and charter fund.
Private enterprise: one natural person, full liability, cannot attract partners, fund not divided. LLC: one or several natural or legal persons, liability within the contribution, partners join by agreement of members, fund divided into shares.
2
Why is quick decision-making an advantage for a private enterprise owner but also a larger risk of error? Write 3 sentences.
One person does not wait for partners’ consent, hence speed. But no other founder checks the decision, so mistakes may be noticed late; liability is also full.
3
Owner Anvar put 20 000 000 so‘m in cash and equipment worth 15 000 000 so‘m into a private enterprise. What is the total charter fund in so‘m?
35000000
4
The owner of a private enterprise wants to sell the whole enterprise (as a property complex) to another person. According to the textbook, does the owner have this right? What other way is there?
Yes: the owner may sell or give away the enterprise as a whole property complex; another way is to wind it up and sell its property separately.
5
Why must liability be considered first when choosing a form (individual entrepreneur, private enterprise, LLC)? Write 2–3 sentences.
Because if there is a loss, depending on the form the entrepreneur answers either with the enterprise’s property only or with personal property; this determines the risk.