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Legal English 2+3
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How do we call an occasion when a company makes new shares available for sale, or the number of shares offered?
share issue / to issue shares
Give the definition of "tangible asset". Give example
a physical asset whose value can be easily measured, such as cash, property, goods, or machinery
What is "equity capital"?
the capital that a company gets from selling shares rather than borrowing money
If you want to buy a part of a company or building from someone else so that you own all of it , you ..... a) bail out b) buy smb out c) cheap in
buy someone out
Court decisions against the entity itself may give rise to unlimited personal l____________ for each and every member.
liability
Don't forget this is a commercial enterprise with f____________ i___________ - we're here to make money.
foreign investments
What does NGO stand for? Make up a sentence.
non-governmental organization
Complete the sentence: The young e___________ launched his first company age 12 and has earned over 40,000.
entrepreneur
What does LLC stand for?
Limited Liability company (LLC)
What words are used to explain the steps of a procedure
First of all, Next, Following that, Last of all
Give words that are used for enumerating reasons
Firstly, secondly, thirdly, finally
Give the name of a business that is owned by the group of people who have shares in the company
joint-stock company


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