Theme: Types of companies. Reading and vocabulary 2) Read and complete the company descriptions below using the words in the boxes.

1. capital, liability, accountants, share

This is for between two and 20 peaple, and very often it is a group of doctors or (1). who set up this type of business. Each person has an equal (2) in making decisions and in whatever profit is made. The more people you have, the more (3)- into the business. However, you are legally responsible for the other people in the business, and you all have unlimited (4). for it. you can put - So if one of you makes a mistake, you all have to pay

2. investment, agreement, accounts, shareholders

This type of company is owned by a small group of individuals, the (5). often the members of one family. You can only sell your shares if the owners are in (6) You have limited liability so you only lose your (7) if the company runs into trouble. You have a lot of paperwork to do as you have to publish your (8) who are very every year.

3. capital, fall, shares, Meeting, shareholder.

Anyone can buy (9) in this company. This is a good type of company if you need to raise (10) in order to to expand and diversify. You have limited liability but you can still lose money if there is a (11). the running of the company unless you are a major (12). vote the same as you at the Annual General (13)_ in the price of your shares. You have little control in or enough other shareholders of shareholders.

4. debts, trading, protit, boss

This is the easiest type of business to start. You simply need a good idea and enough money to start (14) (15). have to work long hours and you have limited liability. That means if you run up (17). you alone have to pay for them. You can organize your work as you want because you are your own and if you make a (16). you keep it for yourself. On the other hand, you

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