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3. The advantage of a partnership is … .
a) damage of business in serious disagreements of co-
owners;
b) a favourable tax position when compared to the
corporation;
c) a favourable tax position when compared to the sole
proprietorship.
4. The disadvantage of a partnership is … .
a) a favourable tax position when compared to the
corporation;
b) a favourable tax position when compared to the sole
proprietorship;
c) damage of business in serious disagreements of co-
owners.
Упражнение 11. Ответьте на вопросы.
1. What is a partnership?
2. How are the rights and duties of a partnership regulated?
3. What is a «silent partner»?
4. What are the advantages of a partnership?
5. What is the major disadvantage of this kind of business?
Упражнение 12. Заполните пропуски соответствующими
предлогами.
1. The partnership is a business formed … profit … two or more
co-owners.
2. The rights and duties … the partnership are regulated …
laws … the state.
3. The «silent partner» does not take part … the manage-
ment.
4. He is qualified … production.
5. All members … the partnership are liable … all debts.
6. The partnership remains a vital part… the whole
economy.
