VIII. Translate into English

1. Мне нужен совет.

2. Я сам контролирую прибыль своего предприятия.

3. Если Вы хотите заняться частным предпринимательством, обратитесь

к юристу.

4. Директор решает вопросы, связанные с наймом и увольнением.

5. Я боюсь иметь полную юридическую ответственность.

6. Я не отвечаю за производственные долги.

7. Малые предприятия имеют льготы по налогообложению.

8. Хороший бухгалтер сможет вести дело лучше, чем Вы.

9. Мне нужно нанять бухгалтера.

10. Мне нужно проконсультироваться с юристом.

IX. Retell the text “A sole proprietorship”.

UNIT 2

PARTNERSHIPS

TEXT

A partnership is an association of two or more persons, to carry on a business for profit. When the owners of the partnership have unlimited liability they are called general partners. If partners have limited liability they are "limited partners". There may be a silent partner as well — a person who is known to the public as a member of the firm but without authority in management. The reverse of the silent partner is the secret partner — a person who takers part in management but who is not known to the public.

Any business may have the form of the partnership, for example, in such professional fields as medicine, law, accounting, insurance and stockbrokerage. Limited partnerships are a common form of ownership in real estate, oil prospecting, quarrying industries, etc.

Partnerships have more advantages than sole proprietorships if one needs a big capital or diversified management. Like sole proprietorship they are easy to form and often get tax benefits from the government.

Partnerships have certain disadvantages too. One is unlimited liability. It means that each partner is responsible for all debts and is legally responsible for the whole business. Another disadvantage is that partners may disagree with each other.


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