• Гідрологія і Гідрометрія
• Господарське право
• Економіка будівництва
• Економіка природокористування
• Економічна теорія
• Земельне право
• Історія України
• Кримінально виконавче право
• Медична радіологія
• Методи аналізу
• Міжнародне приватне право
• Міжнародний маркетинг
• Основи екології
• Предмет Політологія
• Соціальне страхування
• Технічні засоби організації дорожнього руху
• Товарознавство продовольчих товарів

Dialogue

SecretaryGood afternoon.

SteveGood afternoon. I'd like to see Mr. Jackson. We have an arrangement with him. My name is Mr. Watson.

SecretaryJust a minute, please. I'll let him know you are here.

SteveThanks.

SecretaryMr. Jackson is waiting for you. Do you know where his office is?

SteveOh sure, thank you.

JacksonHello, Steve, it's so nice to see you. Sit down, please.

SteveThanks, Nick. How are you getting on?

Jackson Quite all right, thanks. And what about you?

Steve Everything is all right too. In fact I want to talk to you about my business.

JacksonOh, I'll be glad to do something for you.

Steve Well, Nick. I need some legal advice. John and I are thinking of incorporating.

Jackson You are going to expand, aren't you? It seems that your partnership has been doing very well.

Steve Oh, yes. We have a success. Now some businessmen are interested in investing with us. So could you explain me what sort of legal procedure I have to follow to form a corporation?

Jackson At first you have to apply for a corporate charter.

Steve Well?

Jackson Let me get this straight. You want to issue and sell stock in exchange for investment capital, don't you?

Steve Exactly.

Jackson After you obtain the charter the stockholders, as owners, hold a meeting to organize the corporation.

Steve Does that mean we elect our Board of Directors, adopt bylaws and choose the company's officers?

Jackson That's what I mean. Though the officers of the company supervise daily management, the .stockholders always have final authority. They vote at annual meetings.

Steve Yes, I see it. By the way, does a corporation have limited liability?

JacksonIt does. It also has the right to own property, to buy and sell and right to sue and be sued.

Steve I see. The corporation acts like a person. It has the right of an individual.

Jackson You are right.

SteveO.K. Why don't we get together for a game of golf one day next week?

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