Exercise 3 Answer the questions

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?

Exercise 4 Translate into English

1. Корпорация может выпускать и продавать акции.

2. Корпорация может предлагать более высокую зара­ботную плату.

3. Корпорация имеет больше возможностей для вовлече­ния финансовых ресурсов, чем партнерство.

4. Каждый год акционеры проводят собрание.

5. Образовательные, благотворительные, религиозные учреждения могут быть корпорациями. Подобные учрежде­ния, как правило, не приносят прибыль.

6. Эта корпорация прибыльна, она будет расширяться.

7. Сначала вы должны подать заявление на корпоратив­ный патент.

8. Акционеры имеют решающее слово в управлении кор­порацией.

9. Административные исполнители кампании осуществ­ляют постоянное руководство.

10. Владельцы акций проводят ежегодное собрание и вы­бирают совет директоров.

11. Корпорация имеет право возбуждать уголовное дело.

Exercise 5 Make up the dialogue

1. Ask a lawyer how to form a corporation.
2. Discuss with your advantages and disadvantages of a corporation form of proprietorship.
3. Advertise a corporate form of proprietorship.

Grammar Exercises

Exercise 1 Make the sentences negative

Model: They have held a meeting.

They haven't held a meeting.

1. The stockholders have elected the Board of Directors.

2. This corporation has issued the stock.

3. The Board of Directors has chosen the company officers.

4. This company has greatly expanded.

5. We have already applied for a corporate charter.

Exercise 2 Put up 4 questions of 4 types (general, special, disjunctive, alternative) to each sentence

Model: The stockholders have held the annual meeting.

1. Have the stockholders held the annual meeting?

2. What have the stockholders done?

3. The stockholders have held the annual meeting, haven't they?

4. Have the stockholders held a meeting or a conference?

1. The partners have applied for a corporate charter.

2. The stockholders have voted at the annual meeting.

3. The company has issued the additional stock.

4. They have invested all their money in this company.