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VII. Translate into English

1. Члены правления имеют полную юридическую ответственность.

2. Партнер с ограниченной юридической ответственностью не имеет

реальной власти.

3. Секретный партнер принимает участие в управлении, но он не

известен общественности.

4. Я хочу вложить деньги в недвижимость.

5. Партнерство имеет много преимуществ.

6. Партнерство часто получает налоговые льготы от правительства.

7. Мы хорошо ладим с партнером.

8. Наше кафе привлекает больше и больше клиентов.

9. Я сделал правильный выбор. Это дело приносит много прибыли.

10. Мой рабочий опыт связан с менеджментом.

11. Она хорошо разбирается в бухгалтерском деле.

12. Мы вкладываем в дело одинаковый капитал.

VIII. Retell the text “Partnerships”.

UNIT 3

CORPORATIONS

TEXT

A business corporation is an institution established for the purpose of making profit. It is operated by individuals. Their shares of ownership are represented by stock certificates. A person who owns a stock certificate is called a stock-holder.

There are several advantages of the corporate form of ownership. The first is the ability to attract financial resources. The next advantage is that if the corporation attracts a large amount of capital it can invest it in plants, equipment and research. And the third advantage is that a corporation can offer higher salaries and attract talented managers and specialists.

The privately owned business corporation is one type of corporation. There are some other types too. educational, religious, charitable institutions can also incorporate. Usually such corporation does not issue stock and is nonprofit. If there is a profit it is reinvested in the institution rather than distributed to private stockholders.

In some western countries, cities, states, federal government and special agencies can establish governmental corporations. A few examples of these governmental corporations are state universities, state hospitals and city owned utilities. Governmental corporations are nonprofit as a rule and usually they do not issue stock certificates.






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