Stopping by Woods on a Snowy Evening Whose woods these are I think I k now. His house is in the village though; He will not see me stopping here To watch.

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Stopping by Woods on a Snowy Evening

Whose woods these are I think I know.

His house is in the village though; He will not see me stopping here To watch his woods fill up with

snow.

My little horse must think it queer To stop without a farmhouse near Between the woods and frozen lake The darkest evening of the year.

He gives his harness bells a shake To ask if there is some mistake. The only other sound’s the sweep Of easy wind and downy flake.

The woods are lovely, dark & deep.

But I have promises to keep, And miles to go before I sleep, And miles to go before I sleep.

ROBERT FROST

HOMEWORK check:

1) RB, p. 23, task V

1) sole trader 2) partnership 3) losses

4) liability 5) bankruptcy 6) corporations

7) creditors 8) shares 9) prospectus

10) registered

2) Founding a company (RB p. 24)↓

What have we learnt?

Founding a company in the UK (RB p. 24)

• Quiz• Describe the process

One against 90 or so...

One against 90 or so...

• A government department which checks on new companies and people in them is called...

1) the Register of Companies

2) the Registrar of Companies

3) the Registar of Companies

One against 90 or so...

• A government department which checks on new companies and people in them is called...

1) the Register of Companies

2) the Registrar of Companies

3) the Registar of Companies

One against 90 or so...

• A document setting out in detail the name of the company, the type of business, the total share of capital and the kind of shares it will issue is called ...

1 the Articles of Association

2 the Memorandum of Association

3 a certificate of incorporation

One against 90 or so...

• A document setting out in detail the name of the company, the type of business, the total share of capital and the kind of shares it will issue is called ...

1 the Articles of Association

2 the Memorandum of Association

3 a certificate of incorporation

One against 90 or so...

People wishing to form a limited companymust work ____ the details of the business.1) up2) out3) by

One against 90 or so...

People wishing to form a limited companymust work out the details of the business.

1 up

2 out

3 by

work out ≈ to plan or think of something

One against 90 or so...

If a British business wants to become a public limited company, it needs to publish

1 the Articles of Association

2 a Certificate of Incorporation

3 a prospectus

One against 90 or so...

If a British business wants to become a public limited company, it needs to publish

1 the Articles of Association

2 a Certificate of Incorporation

3 a prospectus

One against 90 or so...

Hire a lawyer who specialises ____ company law.

1 in

2 for

3 on

One against 90 or so...

Hire a lawyer who specialises in

company law.

1 in

2 for

3 on

One against 90 or so...

To persuade is a synonym of

1 to coerce

2 to convince

3 to discourage

One against 90 or so...

To persuade is a synonym of

1) to coerce

2) to convince

3) to discourage

Convince – make someone believe you

Persuade – make someone do something by providing reasons

Coerce – compel, to force sb. to do sth.

One against 90 or so...

The opposite of fraudulent is

1) honest

2) deceitful

3) sham

One against 90 or so...

The opposite of fraudulent is

1) honest

2) deceitful

3) sham

Fraud = trickery, deception, scam

One against 90 or so...

To draw up a document is the same as to

1 draft a document

2 sign a document

3 show a document

One against 90 or so...

To draw up a document is the same as to

1 draft a document

2 sign a document

3 show a document

One against 90 or so...

In the phrase personal fortune, fortune is a synonym of

1 wealth

2 luck

3 fate

One against 90 or so...

In the phrase personal fortune, fortune is a synonym of

1 wealth

2 luck

3 fate

One against 90 or so...

Premises are

1 assurances, when you give your word

2 omens

3 a place where some business is done

One against 90 or so...

Premises are

1 assurances, when you give your word

2 omens

3 a place where some business is done

(the building and land surrounding it)

Reader, P 24• What documents are required when

forming a limited company?• What information should be provided in

the documents?• What is the role of the Registrar of

Companies?

PAIRWORK: Describe the process shown in the illustration on p 24.

Advantages of different types of business organisations in the UK

Read your homework:

(Pick any of the tasks. Colleagues identify which task it is. Is anything missing?).

• Task 1: adv. of unincorporated businesses• Task 2: adv. of PLC over Ltd.• Task 3: adv. of incorporated businesses• Task 4: adv. of Ltd. over PLC• Pls, hand in your hw.

PLC or public corporation?• Owned by the general public

• Controled by the chairman selected by the

government

• Very large

• Capital raised by issuing stocks

• Profits go to the government

• Aim: to serve the public interest

Public limited company

Public corporation

Public corporation

Public limited company

Public corporation

Public corporation

Reader, p. 23, task IV

Public limited company ≠ Public corporation

Compare in writing: Public limited company and Public corporation

e.g. While a PLC is owned by the general public, a public corporation is owned by....

Try using: while, whereas, on the other hand, in contrast...

Additional information: and, furthermore, moreover, in addition to, next, then, besides

Reason: because, because of, due to, owing to, as, since, therefore, that’s why

Contrast: on the other hand, on the contrary, in contrast, although, yet, but, while, whereas

Concession: (even) though, anyway, however, nevertheless, in any case, in spite of that, despite

Purpose: in order to, so that

Result/Consequence: consequently, as a result, therefore, so, thus

Giving example: for example, for instance

LINKING WORDS:

nationalization vs. privatization

What is nationalization?What is privatization?Why privatize?Does it work?What’s the downside?

→ Reader, p 27 What is privatization, anyway?Skim to match questions to paragraphs

HW: Read the whole text, answer the questions

1 F2 E3 A4 C5 B6 D

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