Тілдік емес жоғары оқу орнында ағылшын тілін үйрену оқу құралы шымкент

One person sets up and runs the company. The person provides all the capital and has unlimited liability for business debts, even if this means selling personal assets.

In a limited company (AmE corporation), the capital is divided into shares, which are held by shareholders. Shareholders have limited liability, but they can vote at the Annual General Meeting to elect the Board of Directors.

There are two types of limited company:

1) In a private limited company, all shareholders must agree before any shares can be bought or sold.

2) In a public limited company, shares are bought and sold freely, for example on the stock exchange.

Partnership

A group of people provide the capital, set up the company and manage it together. There are two types of partnership:

1) Partners in an unlimited partnership are like sole traders - if the business fails they are fully liable for all debts, and may even have to sell personal assets.

2) In a limited partnership there can be sleeping partners who do not participate in the management of the company. Sleeping partners have limited liability - in the event of bankruptcy, they only lose their investment, not their personal assets.

1. What are most people's main personal assets?

2. How can a sole trader get the capital to set up a business? Think of five methods.

3. If a limited company has 5000 shares and each share is worth £2.50, what is the capital of the company?

4. What are the advantages and disadvantages of being a sleeping partner?

5. What is the difference between a sleeping partner and a shareholder?

6. If a private limited company goes bankrupt, do the shareholders lose their personal assets? Why?

7. What must you do to sell your shares in a private limited company?

8. What are the advantages of a public limited company? Think of three.

3. Discuss these questions.

1. Which of the words below can describe:

a) good qualities of an organisation?

b) b) bad qualities of an organisation?

professional impersonal cold caring disciplined democratic decentralized paternal hierarchical welcoming centralized slow-to-respond flat market-driven bureaucratic

2 Which words could you use to describe your own organisation or an organisation you know well?

• singing at meetings

• having no individual offices

• having no dress code

• organizing company holidays

• supplying flowers regularly for all offices

• encouraging managers to invite staff home for dinner

• dressing in strange clothes at meetings

• buying birthday presents for staff

• keeping small animals and birds at head office.