Ex.4. Match the words on the left with the definitions on the right.

Ex.3. Give three forms of the following verbs. Find the sentences with these verbs in the text.

Ex.2. Give Ukrainian equivalents of the following words and phrases.

Ex.1. Find the English equivalents in the text.

VOCABULARY FOCUS

Отримувати прибуток; нести збитки; фінансова незалежність; успіх і самореалізація; активи (власність) компанії; уразливість перед судовими позовами; величезна більшість компаній малого бізнесу; управляти компанією; найбільш гнучка та адаптована форма; оподатковувати корпорації; мати необмежену відповідальність; брати на себе відповідальність; з точки зору закону; залучати висококваліфікованих працівників; спільно володіти власністю; укласти юридичну угоду; довід на користь; стимул стати партнером; нести спільну та індивідуальну відповідальність у випадку банкрутства; недолік/вада; розбіжності між партнерами; викликати конфлікти; обирати раду директорів; здійснювати нагляд над чимось; мати явні переваги; видобувати/знаходити додатковий капітал; передавати власність; надавати інформацію; підлягати подвійному оподаткуванню.

 

To do business; profit potential; size and nature of the business; level of control; to have advantages and disadvantages; to have day-to-day responsibility; to be in complete control over smth; to dissolve the business; to be adaptable to smth; on the less bright side; to assume personal responsibility; to be one and the same with the business; to raise funds; to distinguish between smth; to resolve disputes; to contribute time and capital; prospective employees; threat of potential disagreement; to affect smth adversely; unique entity; one of the weightiest advantages; incorporated/unincorporated business; to be created under a government charter; to impose tax on dividends; to prevent from.

 

Bring, suffer, do, make, choose, have, own, run, keep, react, pay, attract, buy, take, contribute, raise, give, tax, sue, hold, transfer, sell, mean, grow.

 

sole proprietorship a the state of being legally responsible for smth
securities b a formal written statement of the principles and aims of an organisation; a legal document created when a corporation is formed (US)
liability c the group of people chosen by shareholders to control a company
shareholder d a business that is owned by a group of professional people who work together and share the profits
charter e a business that is owned and run by one person
liabilities f things of value that a person or a company owns, such as money or property
board of directors g an amount of the profits that a company pays to shareholders
entity h a financial asset, such as a share or bond
to incorporate i a person or group that owns shares in a company or business
dividend j the amount of money that a company or a person owes
assets k to form a legal company or organisation, for example, by obtaining a certificate from the authorities
entrepreneur l a business that exists as a separate unit and has its own legal identity
partnership m a person who makes money by starting or running businesses

Ex.5. Make up verb+noun collocations (there may be several variants).

to have business
to do losses
to make a responsibility
to earn advantages and disadvantages
to levy decisions
to suffer a drawback
to assume taxes
to pay funds
to run a partnership
to raise profit
to establish capital
to invest