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Churkina_Angliyska_mova_2006_chastina_1.doc
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I. Find in the text the following words and word combinations, translate the sentences in which they are used and make up sentences with them

all business receipts; association of two; carry on a business for profit; corporation attracts; general partners; going out of business; governmental corporations; legally responsible for; liabilities of the business; making profit; new business; non-profit; private stockholders; privately owned business corporation; professional partnerships; proprietorship fails; run the business; secret partner; silent partner; small partnerships; sole proprietorship; starting a corporation; starting a partnership; starting a proprietorship; superpartnerships; volume of business; whole business.

II. Find English equivalents of the words and word combinations given below and make up sentences with them

акціонерна компанія; акція на пред'явника; банківські акції; безкоштовна акція; бути компаньйоном; вийти з асоціації; отримувати прибуток; відкривати нове підприємство; головний акціонер; давати прибуток; державне акціонерне товариство; дочірня корпорація; заснувати асоціацію; збиткове підприємство; звичайні акції; іноземна корпорація; іноземний акціонер; ліквідувати підприємство; одноосібне володіння; підроблена акція; повна відповідальність; приєднатися до асоціації; професійне об'єднання; спільно; фактичний прибуток; цивільна відповідальність.

III. Fill in prepositions, where necessary

1. A business corporation is an institution established … the purpose … making profit.

2. A major difference … organizational forms is the degree … which owners are personally liable … debts … the business.

3. A partnership is an association … two or more persons to carry … a business … profit.

4. A silent partner is a person who is known … the public as a member … the firm but … authority … management.

5. Each partner is responsible … all debts and is legally responsible … the whole business.

6. Going … … business is also very easy.

7. If a proprietorship fails, creditors can claim the owner’s property to pay … the debts … the business.

8. … the United States more than eighty per cent … all businesses are sole proprietorships.

9. Limited partnerships are a common form … ownership … real estate.

10. Sole proprietorships account … only sixteen per cent … all business receipts.

11. The legal procedures … starting a proprietorship are limited … registering the company’s name.

12. The source … capital … a proprietorship is usually the owner’s own savings and loans … banks.

13. Ways … raising capital are different … different forms … business organization.

IV. Fill in articles where necessary

1. … business corporation is … institution established for … purpose of making profit.

2. … limited partnership has one or more general partners who put up some capital, run … business and bear … liabilities of … business.

3. … major difference among organizational forms is … degree to which owners are personally liable for debts of … business.

4. Any business may have … form of … partnership.

5. … partnership is … association of two or more persons to carry on … business for profit.

6. … person who owns … stock certificate is called … stockholder.

7. Governmental corporations are non-profit as … rule and usually they do not issue … stock certificates.

8. Of … three basic forms, … proprietorship is … simplest and … most common form in many western countries.

9. Sole proprietorships do not do … greatest volume of business.

10. Starting … partnership is less complex than starting … corporation.

11. … legal procedures for starting … proprietorship are limited to registering … company’s name.

12. … limited partners are in much … same position as stockholders in … corporation.

13. … source of capital for … proprietorship is usually … owner’s own savings and loans from banks.

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