III. Read the text and underline advantages and disadvantages with regard to each type of companies.
Date: 2015-10-07; view: 459.
II. Match the words in the left column with the definitions in the right column.
I. Go through the following vocabulary notes to avoid difficulties in understanding and find these words in the text.
III. Types of Companies
VIII. Retell the text according to its outline.
VII. Make an outline of the text consisting of 5-8 sentences.
| debt | долг | bankruptcy | Банкротство |
| assets | активы | enterprise | предприятие |
| liabilities | пассивы | joint venture | cовместное предприятие |
| proprietor | собственник | accountant | бухгалтер |
| pledge | закладывать | charter | устав |
| 1. sole proprietorship 2. partnership 3. general partnership 4. joint venture 5. limited company | a) It is a business in which two or more companies have invested, with the intention of working together; b) It is the legal entity having a right to issue stock certificates; c) It is an association of two or more people involved in business under a written partnership agreement; d) It is more often used by lawyers, doctors, dentists, and chartered accountants; e) It means going into business for oneself. |
The three traditional forms of business are the sole proprietorship, the partnership, and the corporation. The sole proprietorship means going into business for oneself. All one needs is some knowledge about the business, start-up capital and knowledge of regulations. The partnership is an association of two or more people involved in business under a written partnership agreement. The corporation is the legal entity having a right to issue stock certificates. The people who own such stock certificates (or shares) are called stockholders/ shareholders. They in fact own the corporation.
| <== previous lecture | | | next lecture ==> |
| VI. Find Russian equivalents to the following phrases in the second column. | | | Sole Proprietorship |