1. 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 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

2. HOMEWORK check: 1)RB, p. 23, task V 1) sole trader 2) partnership3) losses 4) liability 5) bankruptcy6) corporations 7) creditors 8) shares9) prospectus 10) registered 2)Founding a company (RB p. 24) ↓ What have we learnt?

3. Founding a company in the UK (RB p. 24) Quiz Describe the process

4. One against 90 or so...

5. 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

6. 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

7. 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... 1the Articles of Association 2 the Memorandum of Association 3 a certificate of incorporation

8. 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... 1the Articles of Association 2 the Memorandum of Association 3 a certificate of incorporation

9. One against 90 or so... People wishing to form a limited company must work ____ the details of the business. 1) up 2) out 3) by

10. One against 90 or so... People wishing to form a limited company must work out the details of the business. 1up 2out 3by work out ≈ to plan or think of something

11. One against 90 or so... If a British business wants to become a public limited company, it needs to publish 1the Articles of Association 2a Certificate of Incorporation 3a prospectus

12. One against 90 or so... If a British business wants to become a public limited company, it needs to publish 1the Articles of Association 2a Certificate of Incorporation 3a prospectus

13. One against 90 or so... Hire a lawyer who specialises ____ company law. 1in 2for 3on

14. One against 90 or so... Hire a lawyer who specialises in company law. 1in 2for 3on

15. One against 90 or so... To persuade is a synonym of 1to coerce 2to convince 3to discourage

16. 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.

17. One against 90 or so... The opposite of fraudulent is 1) honest 2) deceitful 3) sham

18. One against 90 or so... The opposite of fraudulent is 1) honest 2) deceitful 3) sham Fraud = trickery, deception, scam

19. One against 90 or so... To draw up a document is the same as to 1draft a document 2sign a document 3show a document

20. One against 90 or so... To draw up a document is the same as to 1draft a document 2sign a document 3show a document

21. One against 90 or so... In the phrase personal fortune, fortune is a synonym of 1wealth 2luck 3fate

22. One against 90 or so... In the phrase personal fortune, fortune is a synonym of 1wealth 2luck 3fate

23. One against 90 or so... Premises are 1assurances, when you give your word 2omens 3a place where some business is done

24. One against 90 or so... Premises are 1assurances, when you give your word 2omens 3a place where some business is done (the building and land surrounding it)

25. 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.

26. 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.

27. An educational break! Check this out! http://www.bbc.co.uk/schools/gcsebitesize/ business/aims/limitedcompaniesrev_print. shtmlhttp://www.bbc.co.uk/schools/gcsebitesize/ business/aims/limitedcompaniesrev_print. shtml

28. 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

29. 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...

30. 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:

31. 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 F 2 E 3 A 4 C 5 B 6 D