Exercise 3. Answer the questions

Exercise 2. Transform the sentences according to the model.

Exercise 1. Transform the sentences according to the model.

Vocabulary Exercises

Active Vocabulary

bylaws юридические положения для предприятий

I need some legal advice мне нужен юридический совет

to incorporate соединяться, объединяться

to invest вкладывать деньги

to expand расширяться (о производстве)

to follow a legal procedure следовать юридической процедуре

to apply for a corporate charter подавать заявление на корпоративный патент

to issue and sell stock выпускать и продавать акции

in exchange for investment взамен на вложенный

capital капитал

stockholder, shareholder акционер, держатель акций

to hold a meeting проводить собрание

to elect a board of directors проводить собрание

директоров to choose the company's выбирать административных

officers исполнителей компании

to have a final authority иметь решающее слово

to supervise daily осуществлять ежедневное

management руководство

to vote голосовать

annual meeting ежегодное собрание

to have limited liability иметь неограниченную юридическую ответственность

to own property владеть собственностью

to sue возбуждать судебное дело

to be sued подвергаться судебному разбирательству

Model: We are the company officers.

We supervise daily management.

We, as the company officers, supervise daily management.

1. My friends are the stockholders of IBM Corporation. They hold annual meetings.

2. These businessmen are the organizers of this corporation. To issue and sell stock in exchange for investment capital.

3. A corporation is the owner of the property. It has limited liability.

4. Dick is a manager. He wants to form a corporation.

5. A corporate charter is a certificate of incorporation. A charter is granted by a state officer.

6. The stockholders are the owner of the corporation. They have final authority in management of the company.

7. The owners of the corporation are the stockholders. The owners of the corporation must vote.

Model: We organized our corporation a year ago (to invest much money).

We have been investing much money since we organized our company.

1. They became company officers (to supervise daily management).

2. My friend bought the stock of the company five years ago (to make money).

3. They received the corporate charter a month ago (to plan a meeting).

4. We advertised the application last week (wait for reply).

5. He became a member of the Board of Directors (work hard).

6. We elected a new Board of Directors last month (plan change).

1. In what corporation would you invest money?

2. What legal procedure do you have to follow if you want to form a corporation?

3. Who has final authority and supervises the daily management of a corporation?

4. How often do the stockholders choose the company officers?

5. The stockholders have unlimited liability, don't they?

6. In what way can a corporation act?

7. What do you think about the possibilities of forming corporations in this country?

8. In what spheres of industry is a corporate form of proprietorship the most beneficial in this country?

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