www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

  Full Coverages>Business>China Venture Capital Forum 2004>Key Speeches
   
 

Venture capital fund a way to reduce risks
By Wang Hongjun (chinadaily.com.cn)
Updated: 2004-04-06 15:09

Establishing a venture capital fund is expected to be a way to reduce risks in the process, said Tien-Lai Hwang, Managing Director and General Manager of Acorn Campus Shanghai Management Co Ltd, at the forum.

Hwang said venture capital is a way for investors to reap profits with such features as high risks, high investment and high profit returns, therefore, it is unlikely for each investor to reach profitability. Under the condition, it is best to set up a venture capital fund and invest in different companies to ward off risks.

The venture capital fund should also be managed by an experienced company, which mainly engages in seeking the source of consumption and deciding where and when to invest. The company should also be capable of managing the investments and knowing what to do next.

There are two types of limited partnerships in the venture capital investment: one is the limited partnership, which specializes in investing in venture capital funds; the other is general partnership, which mainly engages in managing the business funds.

The majority of US venture capital funds are managed by general partners, while the limited partners are only passive investors.

A venture capital ejection takes as many as 10 years to reach a profit due to fact that the duration of a venture capital fund is seven years, or two to three years before that. Therefore, the investors and the investment managing companies must have mutual trust between them.

Limited Partnership

Limited Partnerships in general: In a Limited Partnership, one or more ‘general" partners manage the business while "limited" partners contribute capital and share in the profits but take no part in running the business. General partners remain personally liable for partnership debts while limited partners incur no liability with respect to partnership obligations beyond their capital contributions. The purpose of this form of business is to encourage investors to invest without risking more than the capital they have contributed.

Duration: Death, disability, or withdrawal of a general partner dissolves the partnership unless the partnership agreement provides otherwise or all partners agree, in writing, to substitute a general partner. Note, death or incompetence of a Limited Partner has no effect on the partnership

Formalities: The formalities of setting up and operating a limited partnership are very similar to that of starting a small, for-profit corporation. The California Limited Partnership Act, for example, requires the filing of a certificate with the Secretary of State, applies restrictions on the use and availability of partnership names, contains statutory requirements with respect to the manner of calling and holding meetings, and contains many corporation-like requirements.

General Partnerships

In General: A form of business entity in which 2 or more co-owners engage in business for profit. For the most part, the partners own the business assets together and are personally liable for business debts.

Sharing Profits: In the absence of a partnership agreement, profits are shared equally amongst the partners. A partnership agreement, however, will usually provide for the manner in which profits and losses are to be shared.

Unlimited Personal Liability for Losses: Each Partner is, jointly and severally, personally liable for debts and taxes of the partnership. For example, if the partnership assets are insufficient to satisfy a creditor's claims, the partners' personal assets are subject to attachment and liquidation to pay the business debts.

Liability for a Co-partner's debts: Each general partner is deemed the agent of the partnership. Therefore, if that partner was apparently carrying on partnership business, all general partners can he held liable for his dealings with third persons.

Liability for a co-partner's wrongdoing: Each partner may be held jointly and severally liable for a co-partner's wrongdoing or tortious act (e.g. the misapplication of another person's money or property.

Duration: Technically, a partnership terminates upon the death, disability, or withdrawal of any one partner. However, most partnership agreements provide for these types of events with the share of the departed partner being purchased by the remaining partners in the partnership.

Management and Control: In the absence of a partnership agreement, each general partner has an equal right to participate in the management and control of the business. Disagreements in the ordinary course of partnership business are decided by a majority of the partners. Disagreements of extraordinary matters and amendments to the partnership agreement require the consent of all partners

Transferability: Unless otherwise provided in the partnership agreement, no one can become a member of the partnership without the consent of all partners. However, a partner may assign his share of the profits and losses and right to receive distributions ("transferable interest"). Further a partner's judgement creditor may obtain an order charging the partner's "transferable interest" to satisfy a judgment.

 
  Story Tools  
   
 
     
主站蜘蛛池模板: 亚洲aⅴ在线 | 亚洲精品国产拍拍拍拍拍 | 精品在线一区 | 亚洲 欧美 日韩 在线 中文字幕 | 天天视频一区二区三区 | 一级毛片aaaaaa视频免费看 | 国产精品黄| 亚洲欧美激情在线 | 女人张开腿让男人捅视频 | 国产亚洲欧美在线播放网站 | 性感一级毛片 | 国产亚洲精品久久综合影院 | 99视频国产热精品视频 | 亚洲欧美日本在线 | 亚洲欧美一区二区三区久久 | 久久国产影院 | 5x性区m免费毛片视频看看 | 欧美一级片 在线播放 | 欧美精品另类 | 99久久综合狠狠综合久久一区 | 九九综合 | 视频一区在线免费观看 | 免费a级毛片大学生免费观看 | 日本精品在线观看 | 美国一级毛片∞ | 91久久精品国产91久久性色也 | 99热久久国产这里是精品 | 成人欧美一区二区三区视频xxx | 国产欧美日韩高清专区手机版 | 欧美a一级 | 亚洲国产成人久久综合碰 | 美国一级毛片在线 | 日韩综合网站 | 中国美女隐私无遮挡免费视频 | 看久久久久毛片婷婷色 | 久久精品成人 | 久色成人| 中文日韩字幕一区在线观看 | 男人的天堂网在线 | 国产亚洲精品成人a在线 | 亚洲欧美在线视频免费 |