Running a business



UK: types of business
1)sole _____ = individual proprietor
• (____________ liability for debts)
•2) partnership  (____________ liability for debts)
•3) company:
–a) limited company (or _____________) = ________________  person
–limited by shares X limited by __________
–private limited company (abbreviation: ____)
– X _________ limited company (abbreviation: ____)
•     b) _________ company
unlimited
unlimited
trader
corporation
articifial legal
guarantee
Ltd
public
PLC
unlimited

Setting up a company in UK
•a memorandum of ______________________ is filed with the ________________________ of Companies +
other documents
•
àa certificate of _____________________ is issued
•
àthe company is ready to do business (public limited companies need also a trading
________________________)
•
association
Registrar
incorporation
certificate

Vocabulary
•a share can be defined as ____________________________________
•shareholders can get dividends = proportion from ______________  which the company makes
•ultra vires activity means __________ outside the capacity of a company
•Raising capital
•By selling shares
•By selling ______________ (bonds)
•
ownership of a proportion of a company
profit
debentures
an activity

•



translate into English
•
•společenská smlouva

•
•společenská smlouva
•
•Memorandum of Association

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•
•stanovy společnosti

•
•stanovy společnosti
•
•Articles of Association

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•
•kupovat akcie na burze

•
•kupovat akcie na burze
•
•buy shares/stock on Stock Exchange

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•
•emise akcií

•
•emise akcií
•
•a share issue

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•
•správní rada

•
•správní rada
•
•(board of) directors

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•
•právnická osoba

•
•právnická osoba
•
•artificial (legal) person, legal entity

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•
•assets and liabilities

•
•assets and liabilities
•
•aktiva a pasiva

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•
•legal person

•
•legal person
•
•právní subjekt

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•
•general meeting

•
•general meeting
•
•valná hromada

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•
•to pass a resolution

•
•to pass a resolution
•
•schválit usnesení

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•
•internal regulations

•
•internal regulations
•
•vnitřní směrnice