Active Vocabulary

partnership партнерство

to carry on a business вести дело

profit прибыль

general partner общий партнер (несущий полную юридическую ответственность за дело)

limited partner партнер с ограниченной юридической ответственностью

silent partner партнер без права голоса

secret partner секретный партнер (с правом голоса, но неизвестный

общественности как партнер)

law зд. юриспруденция

insurance страхование

stockbrokerage биржевое маклерство

real estate недвижимость

oil prospecting добыча нефти

quarrying industries добывающие промышленности

advantage преимущество

disadvantage недостаток

to be legally responsible быть юридически ответственным

Comprehension Questions

1. What is the difference between a general partnership and a limited partnership?

2. Is there any difference between a silent partner and a secret partner? What is this difference?

3. In what professional fields are the partnerships found?

4. In what businesses is the partnership a common form?

5. What are the advantages of a partnership?

6. Discuss the disadvantages of a partnership. Would you prefer partnership or sole proprietorship of business? Give your reasons.

Vocabulary Practice

Exercise 1. Select the necessary word in the sentence.

1.Partnership very often receive...

from the government. | 1 secret partner

2. Limited partnership is a common | 2 unlimited

form of ownership in... | liability

3. Partnerships have many..., one is that |

they receive tax benefits from the |

government. |3 real estate

4....are the partners with unlimited |

liability. |4 general partner

5....has the authority in management but |

he is not known to public. |5 advantage

6. A secret partner takes part in... |6 profit

7. General partners have... |7 capital

8. One advantage of a partnership is that |

it offers a multiple source of... |8 management

9. A partnership can bring much... |

to the partners. |9 lax benefits