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.

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

http://www.poetryfoundation.org/bio/robert-frost

http://www.poetryfoundation.org/bio/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...


• 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


• 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


• 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


• 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 ...


2 the Memorandum of Association

3 a certificate of incorporation


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


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


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


2 a Certificate of Incorporation

3 a prospectus


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


2 a Certificate of Incorporation

3 a prospectus


Hire a lawyer who specialises ____ company law.

1 in

2 for

3 on


Hire a lawyer who specialises in

company law.

1 in

2 for

3 on


To persuade is a synonym of

1 to coerce

2 to convince

3 to discourage


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.


The opposite of fraudulent is

1) honest

2) deceitful

3) sham


The opposite of fraudulent is

1) honest

2) deceitful

3) sham

Fraud = trickery, deception, scam


To draw up a document is the same as to

1 draft a document

2 sign a document

3 show a document


To draw up a document is the same as to

1 draft a document

2 sign a document

3 show a document


In the phrase personal fortune, fortune is a synonym of

1 wealth

2 luck

3 fate


In the phrase personal fortune, fortune is a synonym of

1 wealth

2 luck

3 fate


Premises are

1 assurances, when you give your word

2 omens

3 a place where some business is done


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.

An educational break!Check this out!

• http://www.bbc.co.uk/schools/gcsebitesize/business/aims/limitedcompaniesrev_print.shtml

http://www.bbc.co.uk/schools/gcsebitesize/business/aims/limitedcompaniesrev_print.shtml



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

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.

Documents

prospectus slide

sham slide

process slide

robert frost slide

company rb

company law

public limited company

new companies