Read the text again and decide whether these statements are true (T) or false (F). Книга: edoc.bseu.by:8080/bitstream/edoc/72471/1/Reading_in_Business_English.pdf
Unit 2 Ст 13-21
1. The financial condition of the firm is the same as the financial condition of the
owner.
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2. The sole proprietor mustn‘t pay debts from his or her own pockets.
3. A sole proprietorship doesn‘t have any difficulty in obtaining capital.
4. A partnership is an unincorporated enterprise owned by two or more individuals.
5. There are three types of partnerships: general partnerships, limited partnerships
and joint venture.
6. Complementary management skills are a minor advantage of partnerships.
7. In partnerships the limited liabilities are both joint and personal.
8. Limited companies are not created by law and are not separate from the people
who own and manage them.
9. Limited companies end with the death of owners.
10. Limited companies are subject to federal and provincial income taxes.
