Key terms
Date: 2015-10-07; view: 485.
Before you read
SOLE PROPRIETORSHIP
READING II
Concept check
1.What question should you ask yourself in order to select the legal structure for your business?
2.What are the main kinds of forms of ownership? Describe them.
3.What factors should you take into account while picking up the structure that suits yours goals? Add your own points to this list.
1. Choose the Russian equivalents on the right for the following English words and word combinations on the left.
| 1) sole proprietorship 2) forms of ownership 3) loan institution 4) credit standing 5) bankruptcy claim 6) personal asset (assets) 7) liability 8) bank loan 9) operational problems 10) corporate tax (income tax) | a) формы собственности b) кредитоспособность c) заявление о банкротстве d) налог на прибыль e) проблемы деловой активности f) кредитные учреждения g) банковский заем h) ответственность i) личное имущество (активы) j) частное предпринимательство |
2. Match up the terms on the left with their definition on the right.
| 1) asset 2) income 3) profit 4) stockholder (shareholders) 5) wage 6) salary 7) dissolution 8) recession | a) money gained in business b) anything owned by a person, a company that has money value and may be sold for debts c) slowing of business and industrial activity d) money received during a given period e) owner of business f) payment (monthly or quarterly) for regular employment g) breaking up bonds, union, partnership h) payment made or received for work or service |
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