IV. Подчеркните структуру Complex Subject и переведите предложения.

1. John is unlikely to know her address.

2. I happened to see Sarah in town.

3. The car was seen to disappear in the distance.

4. The delegation is reported to have left Moscow.

Прочитайте и устно переведите текст.

1. If you want to start a new firm, you think about what legal form to choose. This means to determine the status of the business in the eyes of the law. The choice has very important consequences.

2. There are three major legal forms of ownership: sole proprietorship, the partnership and the limited company. It is important which form of ownership is involved because the different characteristics of each will influence the operation of the firm. Some of the factors that should affect the decision include plans for expansion, product or service to be sold, needs for raising capital now and in the following years, liability characteristics of the planned firm, the proprietor’s available investment funds, need for continued life of the firm, alternatives for bringing desired people into the firm, and legal requirements of the particular locality.

3. A sole proprietorship is a business owned and usually operated by a single individual. Its major characteristic is that the owner and the business are one and the same. In other words, the revenues, expenses, assets and liabilities of the sole proprietorship are also the revenues, expenses, assets and liabilities of the owner. A sole proprietorship is also referred to as the proprietorship, single proprietorship, individual proprietorship, and individual enterprise.

4. A sole proprietorship is the oldest and most common form of ownership. Some examples include small retail stores, doctors' and lawyers' practices and restaurants.

5. A partnership is an unincorporated enterprise owned by two or more individuals. A partnership agreement, oral or written, expresses the rights and obligations of each partner. For example, one partner may have the financial resources to start the business while the other partner may possess the management skills to operate the firm. There are three types of partnerships: general partnerships, limited partnerships, and joint ventures. The most common form is the general partnership, often used by lawyers, doctors, dentists, and chartered accountants.

6. Limited companies, unlike proprietorships or partnerships, are created by law and are separate from the people who own and manage them. Limited companies are also referred to as corporations. In limited companies, ownership is represented by shares of stock. The owners, at an annual meeting, elect a board of directors, which has the responsibility of appointing company officers and setting the enterprise’s objectives.

Задания к тексту

I. Закончите предложение. Выберите все возможные варианты.

The factors that affect new firm planners when they choose a legal form of business are

1. need for continued life of the firm;

2. ownership represented by shares of stock;

3. legal requirements of the particular locality;

4. revenues, expenses, assets and liabilities of the sole proprietorship;

5. liability characteristics of the planned firm;

6. product or service to be sold;

7. plans for expansion;

8. the rights and obligations of each partner;

9. the proprietor’s available investment funds;

10. small retail stores, doctors' and lawyers' practices and restaurants;

11. alternatives for bringing desired people into the firm;

12. needs for raising capital now and in the following years.