II. Укажите абзац, в котором говорится о самой распространенной форме организации.

III. Заполните таблицу, используя пункты a – j.

1. sole proprietorship	2. partnership	3. limited company

1. it is referred to as a corporation;

2. the revenues, expenses, assets and liabilities of this business are also the revenues, expenses, assets and liabilities of the owner;

3. this unincorporated enterprise is owned by two or more individuals;

4. the rights and obligations of the owners are expressed in a partnership agreement, oral or written;

5. this business is owned and usually operated by a single individual;

6. its board of directors has the responsibility of appointing company officers and setting the enterprise’s objectives;

7. one of the types of this business is joint venture;

8. it is created by law and is separate from the people who own and manage it;

9. it is the oldest and most common form of ownership;

10. in this business, ownership is represented by shares of stock.

IV. Подберите определения к словам.

revenue expenses assets liabilities share stock

spending, cost; money used or needed; obligations; sums of money that must be paid; income, esp the total annual income of the State; the capital (money) that a corporation raises through the sale of shares; anything owned by a person, company, etc that has money value and that can be sold to pay debts; one of equal parts into which the capital of a company is divided with which the holder can have a part of the profits.

V. Ответьте на вопросы. Если в тексте нет ответа, поставьте – .

1. What are three major legal forms of ownership?

2. What factors should affect a new firm planner when he chooses a legal form of business?

3. Which is the oldest form of ownership?

4. Who owns a) a sole proprietorship, b) a partnership?

5. What is a partnership agreement?

6. How many types of partnerships are there? What are they?

7. How do limited companies differ from sole proprietorships and partnerships?

8. Who elects a board of directors? What for?

VI. Расположите данные пункта плана в последовательности, соответствующей содержанию текста.

1. Partnerships.

2. Sole proprietorships.

3. Limited companies.

4. Factors to be considered when you choose a legal form of business.

VII. Озаглавьте текст.

VIII. Переведите письменно 3-й, 4-й и 5-й абзацы. (Сокращение слов в переводе не допускается!)