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Limited Partnerships;
Limited Liability Companies;
Production Co-operatives;
Joint-Stock Companies (Public and Closed).
A full partnership is a partnership in which partners bear
full liability for the partnership’s obligations. A participant in
a full partnership may not be a full partner in any other partner-
ship.
A limited partnership has both full partners and partners,
whose liability is limited to amounts equal to their contribution.
Partners under Russian ban and for tax purposes are regarded as
separate legal entities and are taxed accordingly.
In the limited liability company, the liability of each participant
is limited to the value of its contribution. Each holder in the limited
liability company has the right at any time to withdraw from the
company and to get an amount equal to its pro rata share of the
net assets of the company.
A production cooperative is a voluntary association of citizens
on the basis of membership for joint production or other economic
activity through their personal labour and combining their property
share contribution.
Only joint-stock companies may issue stocks which are
considered securities and subject to registration. Russian legislation
defines «open» and «closed» joint-stock companies as equivalents
to public and private companies, respectively.
Задание 1. Ответьте на вопросы.
1. What can people do if they have some money left over?
2. What companies are better suited to investors?
3. What is a full partnership?
4. What is a limited partnership?
5. What is a production cooperative?
Достарыңызбен бөлісу: