Ex.I. Answer the following questions.

1. What are the main forms of business organization?

2. What forms do most European countries have?

3. What forms do the businesses in Russia have?

4. What is the sole proprietorship?

5. What is a partnership?

6. What is a corporation?

7. Who are the owners of a corporation?

Ex II. Choose the necessary word and put it in the sentence.

1. The sole proprietorship has its advantages and certain….. 2. More than 80 per cent of all businesses are …. .. 3. …….is a form of organization when two or more people starting a business together. 4. The shareholders …. a board of directors 5. There are three … of business ownership. 6. The owners of a ….. are its shareholders.

1 partnership   2 forms   3 corporation   4 drawbacks   5 sole proprietorships   6 elect

REMEMBER! Phrasal verb: run

run into– встретиться случайно, натолкнуться

Yesterday I ran into my friend whom I have’nt seen for a long

time.

run over –переехать, задавить

Why are so much upset? My dog was run overby a car.

run out of –1) выбежать

The cage was open and the monkey ran out.

2)кончаться, иссякать, истощить свой запас,

нуждаться в чем-либо(деньгах)

The money is running out.

My patience has run out.

I’have to go to the baker’s as we’ve run out of bread.

run away/off –убежать, удрать

He run away as a boy.

run down –1) останавливаться(о часах); 2)говорить с

пренебрежением, плохо отзываться о ком-либо(ч-л)

Molly run down about her singing.

Ex.III. Make up your own sentences with the phrasal verb: run

Ex. IV. Read and translate the dialogue.

Dialogue

Jim Alice Jim Alice Jim Alice Jim Alice Jim Alice Jim Alice Jim Alice Jim Alice Jim Alice Jim Alice Jim Alice Jim Alice Jim Alice Jim Alice

Hi, Alice. How are you getting on? Fine, as usual, thanks, Jim. What about you? I'm O.K. It's nice to see you.   You too. I'm glad you are not in a hurry and we have time to talk today. Sure. Can you give me a piece of advice? Well, I'll try if I can. You know I've been always good at cooking. It interests me. I am thinking of starting my own business-café. It might be a good idea. I guess I must learn about the responsibilities of going into business. Are you going into this business by yourself? Exactly. I'd like to have a café with my name on it where I make the decisions and where I control the profits. You seem to be resolute so. I'll try to help you. If you go into business alone, it is called sole proprietorship. In such case you needn't consult a lawyer to form the business. You can start or you can stop your business whenever you like. It sounds encouraging. What else can you tell me? There is no need to consult partners or a board of directors. So you can put your policies into effect quickly. You decide on your vocation, hours, salary, hiring and firing. Well, that's not bad. Wait a moment. I believe I have to tell you about the risk involved. What do you mean? First of all, the most important risk is that you have unlimited liability. It means that you are responsible for all your business debts. So if the business fails, I have to declare personal bankruptcy, don't I? That's what I mean. You can lose your personal assets. Well, it's rather disappointing. What other things should I know? You won't get tax benefits which partnerships or corporations can get. I know about it. By the way do you know of a good accountant to do my taxes? Of course. You'll also have to hire a good book keeper if you can't do your books yourself. I can't say anything definite about that. I have to think it over. What else, Jim? Well, I am a bit hungry, why don't we have a snack together and discuss the things in the café. You are right as usual. Let's go.

Active vocabulary

piece of advice – совет

can you give me a piece of advice – не могли бы вы дать мне совет

I am thinking of starting my own business – я думаю о том, чтобы начать свое дело

responsibility – ответственность

to make decisions – принимать решения

to control the profits – контролировать прибыль

sole proprietorship – частная собственность

to need a lawyer – нуждаться в юристе

it sounds encouraging – это вдохновляет (звучит вдохновляюще)

to consult partners – консультироваться с партнерами

a board of directors – совет директоров

to put policies into effect quickly – быстро достичь хороших

результатов

to hire – нанимать

to fire – увольнять

to decide on vacation, hours, salary, hiring and firing – решать вопросы,

связанные с отпуском, продолжительностью

рабочего дня, зарплатой, наймом, увольнением

to have unlimited liability – иметь неограниченную юридическую

ответственность

to be responsible for all business debts – нести ответственность за

производственные долги

to fail – терпеть неудачу

to declare personal bankruptcy – объявить личное банкротство

personal assets – личная собственность

tax benefits – льготы по налогообложению

to get tax benefit – получить льготы по налогообложению

accountant – бухгалтер, счетовод

book-keeper – бухгалтер, счетовод

to do books – вести бухгалтерский счет

Speech practice: