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Legal English 2+3
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What does NGO stand for? Make up a sentence.
non-governmental organization
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What words are used to explain the steps of a procedure
First of all, Next, Following that, Last of all
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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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Give words that are used for enumerating reasons
Firstly, secondly, thirdly, finally
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What is "equity capital"?
the capital that a company gets from selling shares rather than borrowing money
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What does LLC stand for?
Limited Liability company (LLC)
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Court decisions against the entity itself may give rise to unlimited personal l____________ for each and every member.
liability
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Don't forget this is a commercial enterprise with f____________ i___________ - we're here to make money.
foreign investments
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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
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Give the definition of "tangible asset". Give example
a physical asset whose value can be easily measured, such as cash, property, goods, or machinery
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Complete the sentence: The young e___________ launched his first company age 12 and has earned over 40,000.
entrepreneur
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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
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