Speaking legal English. Борисова Л.А. - 49 стр.

 Management
 Termination
 Size of business


      Exercise 6. Describe each form of business organization in Russia using
the chart.

       Reading and Speaking
       Exercise 7. Read the following texts and compare the process of the
formation of a company in Great Britain and in the USA. Find similarities and
differences. Translate the words in bold.

       To set up as a limited company in the UK, you will need to send several
documents and completed forms to Companies House, or the Registrar of
Companies. In Britain there are some types of limited companies - private
limited company by shares, private limited company by guarantee and public
limited company (PLC). The incorporation requirements are basically the same
for any type, though there are some special rules as well.
       Companies House charges a standard registration fee of £20. It also offers
a premium same-day registration service for a fee of £80. Memorandum and
Articles of Association have to be obtained from law stationers or company
formation agents.
       The documents that must be filed include:
       – A Memorandum of Association, giving details of the company's name,
location and what it will do.
       – Articles of Association, describing how the company will be run, the
rights of the shareholders and the powers of the company's directors.
       – Form 10 (Statement of the First Directors, Secretary and Registered
Office) giving details of the company's registered office and the names and
addresses of its directors and company secretary.
       – Form 12 (Declaration of Compliance with the Requirements of the
Companies Act), stating that the company meets all the legal requirements of
incorporation.
       The name that you choose:
       – must be original in the sense that it has not been registered by another
person;
       – must end in the word limited (abbreviated as Ltd.);
       – must not be deemed offensive to any third party;
       – must in no way associate itself with Her Majesty Government or the
local authority.
       The Memorandum of Association is one of two legal documents that are
required to form a limited company. The document defines the following points:
       – the company's name;
       – the address of the registered office (England, Wales or Scotland);
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