→ K 7 Commercial Law & Public Economic Law + Criminal Law → Start Learning / Download MP3 Flashcards

Question		Answer
a business owned by one person with unlimited liability start learning		Sole trader / sole proprietorship
business owned by two or more people with unlimited liability start learning		Partnership
business owned by shareholders with limited liability, shares can be bought only privately start learning		Private limited company/ limited liability company (LLC)
business owned by shareholders with limited liability but shares are traded publicly start learning		Public limited company/ joint stock company
partnership in which there is general partner with unlimited liability and partner with limited liability start learning		Limited partnership
in case of a company, it is being financially liable up to the value of investment start learning		Limited liability
to lose all your financial in case of unlimited liability start learning		to go bankrupt
selling company’s assets to pay company’s debts start learning		Winding up/ liquidation
business person start learning		Entrepreneur
a company start learning		Enterprise
a person authorized to vote in behalf of shareholder start learning		Proxy
annual general meeting start learning		AGM
extraordinary general meeting start learning		EGM
first shareholders start learning		Subscribers
record of a meeting start learning		Minutes
a decision made by shareholders in a meeting start learning		Resolution
document containing rules of internal organisation of a company start learning		Articles of Association
document containing companies data, shareholders, authorized share capital and objects of business start learning		Memorandum of Association
part of companies profit paid to shareholders usually once a year start learning		Dividend
the state of being not able to pay debts start learning		Insolvency
document giving sb power to represent a person start learning		Power of attorney
the maximum value of shares that company may issue start learning		Authorized share capital
value of shares held by shareholders start learning		Issued share capital
refer to start learning		Pertain to
certified accountant hired by shareholders to check the companies account start learning		Auditor
Kodeks Spółek Handlowych start learning		Commercial Companies Code
robić coś osobiście start learning		act in person
przez pełnomocnika start learning		by proxy
sb who committed a crime start learning		Perpetrator
to discourage sb to do sth by promising severer penalty (odstraszać) start learning		to deter
to keep under arrest start learning		to remand in custody
sb under 18 start learning		Minor
sb who accuses in a trial start learning		Prosecutor
matching sth in size, importance of quality (współmierny do czegoś) start learning		Commensurate with sth
telling or lying in court when you are a witness (krzywoprzysięstwo) start learning		Perjury

K 7 Commercial law & public economic law + criminal law

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