1 Match words that have a similar meaning:

join purpose sole trader public limited company offer organize personal share

sole proprietorship listed company propose aim unite stock arrange individual

2 The words in the box frequently occur after "debt". Find combinations that mean: 1) a person employed to recover money owed by a person or an organization; 2) paying loans back to the lender; 3) renegotiating the form of debts; 4) renegotiating the dates that debts are to be repaid; 5) the overall amount of an organization's debt; 6) a period when a debtor is having trouble repaying their debts.

3 Match the words and phrases in the box with the correct definition: 1) a firm run by two or more partners; 2) a business owned by one person; 3) a company in which the owners are entirely liable for the debts of the company; 4) a company in which the owners are liable only for the amount of money they have invested in the business; 5) a company that may not offer its shares for sale to the public; 6) a company whose shares can be bought and sold on the stock exchange; 7) money owed by one

one person or an organization to another; 8) an item of value belonging to a person or a company; 9) one of many portions into which a company's capital is divided; 10) a market where stocks and shares are bought and sold under fixed rules; 11) a person who owns shares in a company and is, therefore, a member of the company; 12) (owning) a large amount of money, goods or property.

4 Choose the correct word from the box to complete the gaps. Translate the sentences into Ukrainian:

Stock exchange, wealth, purpose, shareholders, sole trader, partners, shares, assets, debts, partnership, sole proprietorship.

1 The person operating a......owns the business in his or her own name. 2 Formed by two or more persons, the ... is considered a business entity. Each partner is responsible for the.... 3 All personal... of each partner are at risk if the business fails. 4 ... receive dividends in proportion to the capital they invest. 5 Being a......she works long hours in her hairdressing business. 6 The partnership collapsed as a result of the criminal activities of one of the.... 7 He has ... in British Gas. 8 He is a man of great.... 9 The ... of going to school is to learn. 10 He works as a computer operator at the New York.......

5 Fill in the missing prepositions: (on, by, of-2, to-2, in-2, for, within)

The limited liability company provides a framework ... which a business can operate effectively. A limited company is usually the best vehicle ... business. Shareholders inject capital and receive a return ... proportion to the capital they invest. They are eligible to attend an annual general meeting ... approve or otherwise the way the directors are running the business. Annual general meetings also determine how much ... the profit will be distributed ... shareholders.

Control ... the company is ... the hands of directors who are appointed ... the shareholders to run the company ... their behalf.