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

K 7 Commercial law & public economic law + criminal law

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