to be liable нести юридичну відповідальність

amount of money сума (кількість) грошей

to put an amount of money into business вкласти суму грошей у бізнес

to combine resources комбінувати ресурси

advantage перевага

to contribute services, skills робити вклад, сприяти вмінням і навичкам

to distribute profits and losses розподіляти прибутки і збитки

to share ділити

the subject becomes quite textechnical це стає вже справою техніки

deal угода

Vocabulary Exercises

Exercise 1. Transform the sentences according to the model.

Model: Susan is a woman. She does the books.

Susan is a woman who does the books.

1. Partners are people. They have unlimited liability.

2. This is my partner. He often runs a risk.

3. He is a shop-assistant. He gets along well with all the customers.

4. Susan is a partner. She puts a big amount of money into business.

5. Jean is my friend. She has the background of accounting.

6. Barbara is my partner. She knows how to attract customers.

7. Tom is a partner. He is good at selling.

8. Jack is my friend. He is a secret partner of my business.

9. Helen is my friend. She had supper with Jack in the restaurant.

Exercise 2. Answer the questions.

1. What do you want to be busy with?

2. Do you want to go into business alone or with a partner?

3. With what partner do you get along well?

4. Imagine you run a shop. What will you do to attract customers?

5. Do you need to consult a lawyer, to make a right choice when starting the business.

6. What is your background?

7. Are you a careful person, or do you like to run a risk?

8. How can you combine the resources with your partner?

9. What services and skills can you contribute in your business?

10. How will you distribute profits and losses in your partnership?

11.What kind of partner would you like to be: a general partner or a limited partner?

Why so?

Exercise 3. Translate into English.

1. Члени правління мають повну юридичну відповідальність.

2. Партнер з обмеженою юридичною відповідальністю не має реальної влади.

3. Секретний партнер приймає участь в управлінні, але він не відомий суспільству.

4. Я хочу вкласти гроші в нерухомість.

5. Партнерство має багато переваг.

6. Партнерство часто отримує податкові пільги від уряду.

7. Ми з партнером у добрих стосунках.

8. Наше кафе приваблює все більше и більше клієнтів.

9. Я зробив правильний вибір. Ця справа приносить багато прибутків.

10. Мій досвід роботи пов’язаний з менеджментом.

11. Вона добре володіє бухгалтерською справою.

12. Ми вкладаємо в справу однаковий капітал.

Exercise 4. Discuss the following problem: A Joint Venture*.

Pro and Con.

* A Joint Venture – спільне підприємство

Exercise 5. Make up the dialogue.

Consult the lawyer how to form a partnership. Use your active vocabulary.

Grammar Exercises

Exercise 1. Make the sentences negative.

Model: I am going into business.

I am not going into business.

1. Your business is receiving the tax benefits.

2. Your partnership is running the great risk.

3. We are getting along quite well with my partner.

4. They are going to be general partners.

5. The partners are sharing profits and losses with each other.

6. Their partnership is losing their profit every month.

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

Model: The partners are getting along quite well.

1. Are the partners getting along quite well?

2. Why are the partners getting along quite well?

3. The partners are getting along well, aren't they?

4. Are the partners getting along well or badly?

1. Jane is doing the books in our firm.

2. We are putting the same amount of money into business.

3. My brother is investing his money in the private cafe.

4. They are distributing the losses unequally.

5. We are combining resources very well.