Ex.7. Choose the appropriate word or phrase to complete the following sentences.

Date: 2015-10-07; view: 471.

Ex.6. Fill in the gaps in the following verb collocations with appropriate prepositions or adverbs.

To base the choice _____ one's vision; to have responsibility _____ running the business; to adapt _____ changes; to place a special tax _____ corporations; to distinguish _____ the business and its owners; to admit potential partners _____ the partnership; to attract prospective employees _____ the business; to be created _____ the government charter; to be subject _____ double taxation.

Shareholders, flexible and adaptable, drawback, corporate tax, dividends, share the ownership, advantages and disadvantages, securities, sole proprietorships, a board of directors, unlimited liability, choosing its structure, a government charter.

1. One of the most important decisions to be made in organizing a new business is __________ .

2. Different forms of business organisation – sole proprietorships, partnerships and corporations – have their __________ .

3. Most small businesses start out as __________ .

4. A sole proprietorship is __________ to changing times.

5. A sole proprietor has __________ for his business's debts.

6. In a partnership, partners __________ of a single business.

7. A partnership does not pay __________ like corporations.

8. A serious __________ of partnerships is the threat of potential disagreement among partners.

9. The owners of a corporation are its __________ .

10. The shareholders elect _________ to oversee the major policies and decisions.

11. Corporations have wider opportunities to raise capital through selling its _________ .

12. Corporations are to be created under __________ .

13. In addition to corporate tax, income tax is levied on shareholders' __________.