Estimated tax, sole proprietorship, liabilities, accounting services, home equity, personal assets, tax treatment)
Date: 2015-10-07; view: 524.
Fill in the gaps using the word-combinations from the text.
Match the words from the left column with their definitions from the right.
| 1. corporation | A. the activity of creating businesses and managing them |
| 2. limited liability | B. the way something is considered and examined |
| 3. enterprise | C. a duty or obligation to pay money, deliver goods, or render service under an express or implied agreement |
| 4. income | D. the disadvantage of a situation |
| 5. loan | E. compulsory monetary contribution to the state's revenue, assessed and imposed by a government on the activities, enjoyment, expenditure, income, occupation, privilege, property, etc., of individuals and organizations |
| 6. partnership | F. the legal position of having to pay only a limited amount of the debts of a company that you have invested in |
| 7. treatment | G. the position of being one of two or more people who own a company as partners |
| 8. tax | H. a large company or business organization |
| 9. debt | I. money that someone gets from working or from investing money |
| 10. downside | J. an amount of money that a person, business,or country borrows, especially from a bank |
(corporate structure, S corporation, general partnership, limited partnership,
a) Businessmen often depend on (….) when they start a business, because it is difficult to raise money in case of (….).
b) All companies pay (….).
c) Why does this legal structure of a business have a better (….) than another one?
d) One of the forms of a structure of a business is (….).
e) The partners manage the company and assume responsibility for the partnership's debts and other obligations in a (….), don`t they?
f) Are you sure that this person isn`t reponsible for the company`s (….)?
g) There are both general and limited partners in a (….).
h) What does a businessman is putting at stake when is risking his (….)?
i) Inside a company there is a definite (….) that regulates all kinds of relations.
j) Who is going to provide our company with (….)? We need to count our budget.
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