Вопрос № 224041 - Английский язык

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А corporation is a business 1_________ authorized by the state to conduct business and is a separate legal entity from its owners. It is the dominant form of American 2__________ because it 3__________ it possible gather large amounts of capital together.
Before a corporation may do business, it must apply for and receive a charter from the state. The state must approve the articles of incorporation, describe the 4__________ purpose and structure of proposed corporation.

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What is unlimited liability?
Individual proprietorship is the simplest way of starting a business. You are self-employed and fully responsible for all the aspects of the management of your business.
In this form of organization the owner himself is responsible for success or failure of his business. Any line of business is open to an owner.
Although this form of small business has its advantages, it has certain drawbacks, too. In the first place the single owner is seldom able to invest as much capital as can be invested by a partnership or a corporation. If single owners are able to invest large amounts of capital, they run great risk of losing it all because they are personally liable for all the debts of their businesses. This is called unlimited liability.

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The corporation form of 1__________ has 2_________ disadvantages. It is subject to greater 3_________ regulation and double taxation. In addition, separation of ownership and control may allow management to 4__________ harmful decisions.

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Milbank is known to have advised a variety of Western clients over the years on trade, licensing and related transactions with 1________ Europe. Most recently, for example, Milbank advised a major American retail company on its sale of certain equipment for use in Russian 2_________ and assisted a Western bank in devising a structure to monetize East German foreign 3_________ obligations. Milbank has many 4________ of experience in advising clients on export controls and technology transfer restrictions that may be applicable in these transactions.

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The Switzerland-based Nestle 1__________, once a Swiss chocolate maker, now is the world's biggest food company and the largest 2__________ of coffee, powdered milk, and frozen dinners. The company also became number 1 in candy after passing Mars. And with the purchase of Perrier for $2.7 billion, Nestle became the world's largest producer of mineral water with a 20 per cent share of the world 3__________. Nestle achieved its success through intensive global expansion. Nestle does only 2 per cent of its 4_________ in Switzerland: the remaining 98 per cent is in other countries.

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One of the first multinational 1__________, Nestle now has production facilities in more than 60 2__________. Its 3___________ can be found almost everywhere around the globe. In Europe, where Nestle’s success is greatest, 4_________ of instant coffee, mineral water, yogurt, frozen foods, cold cuts, candy, and cereal bars total roughly $10.2 billion.