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Active vocabulary. 1.by laws – 2.I need some legal advice – 3.to incorporate – 4.to invest – 5.to expand – 6.to follow a legal procedure – 7.to apply for
Vocabulary Exercises Exercise 1 Transform the sentences according to the model
Model: We are the company officers. We supervise daily management. We, as the company officers, supervise daily management.
1. My friends are the stockholders of IBM corporation. They hold annual meetings. 2. These businessmen are the organizers of this corporation. To issue and sell stock in exchange for investment capital. 3. A corporation is the owner of the property. It has limited liability. 4. Dick is a manager. He wants to form a corporation. 5. A corporate charter is a certificate of incorporation. A charter is granted by a state officer. 6. The stockholders are the owner of the corporation. They have final authority in management of the company. 7. The owners of the corporation are the stockholders. The owners of the corporation must vote.
Exercise 2 Transform the sentences according to the model
Model: We organized our corporation a year ago (to invest much money). We have been investing much money since we organized our company.
1. They became company officers (to supervise daily management). 2. My friend bought the stock of the company five years ago (to make money). 3. They received the corporate charter a month ago (to plan a meeting). 4. We advertised the application last week (wait for reply)
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