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

K 7 Commercial law & public economic law + criminal law

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