# 6 (Part 1): : - . Company representation: Names for business partnerships.

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, . . Types of business partnerships.

1. General partnership, unlimited partnership

In the commercial and legal parlance of most countries, a General partnership, or simply a Partnership, refers to an association of persons or an unincorporated company with the following major main features: it is formed by an agreement of two or more persons;the owners are all personally liable for the companys legal actions and debts.

2. ( ) limited partnership

A limited partnership is similar in many respects to a general partnership, with one essential difference. Unlike a general partnership, a limited partnership has one or more partners who cannot participate in the management and control of the partnership's business. A partner with this type of limited participation is considered a "limited partner" and does not generally incur personal liability for the partnership's obligations. Generally, the extent of liability for a limited partner is that partner's capital contributions

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to the partnership. For this reason, limited partnerships are often used to provide capital to a partnership through the capital contributions of its limited partners.

3. () limited liability company

This kind of company is formed based the participants capital. The limited liability company has the authorized fund (or authorized capital) divided on shares (shares of participation) which are distributed among the participants without public subscription. The shares should be nominal. A shareholder has the right to participate in the companys general meetings, and to obtain dividends and of the companys property in the event of the companys liquidation.

4. This type of company is a hybrid that shares some features of a full partnership and a limited partnership.

5. () - joint stock company; stock company

A corporation that operates a business for profit with ownership interests represented by shares of stock. A joint stock company is financed with capital invested by the members or stockholders who receive transferable shares, or stock.

6. () publicly held stock company. .

A company that has issued securities through an initial public offering, which are traded on at least one stock exchange or over-the-counter market.

These companies must file documents and meet stringent reporting requirements set out by the Securities and Exchange Commission, including the public disclosure of financial statements. Any company whose shares are available to the public is a publicly held company.

7. () Privately held stock company . , .

A company whose ownership is private and therefore does not need to meet the strict SEC filing requirements of public companies.

Private companies may issue stock and have shareholders. However, their shares do not trade on public exchanges and are not issued through an IPO. In general, the shares of these businesses are less liquid and the values difficult to determine.

9. (/) individual/sole proprietor

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