Business accounts are more complicated to open than personal accounts. Clearly, a business was formed to carry on certain activities. The bank is interested in what kind of business it is. If the business has some (1) form such as limited company, the bank needs to have documents to show how it was (2) in case there is some restriction on the drawing of the checks. There may be many people working in the business and the bank needs to know the names and signatures of the (3) of the business and who has the right to sign checks. Sometimes the company may want two signatures on each check. Banks need information on how (4)companies were formed, because the formation can affect borrowing or the writing of checks. But they do not want details of how non-limited companies such as partnerships or (5) traders were formed. On the other hand some banks do try to (6) as much information about the owners of the business as possible at the account opening stage.

1. A. illegal B. legal C. useless D. unsuccessful
   
   
   
2. A. set up B. destroyed C. broken D. cancelled
   
   
   
3. A. keepers B. holders C. owners D. tenants
   
   
4. A. limited B. chartered C. joint-stock D. private
   
   
5. A. sole B. retail C. wholesale D. single
   
   
6. A. meet B. collect C. pick up D. heap up
   
   
   Read the text below. For questions (7 – 15) choose the correct answer (A, B, C or D).
   
   Open Corporation in the United States
   
   An open corporation in the United States is a company whose shares are available to the general public through the stock exchange. Unlike a private company, which limits its shares to a small group of investors, an open corporation (7) shares to anyone who wants to buy them. This type of company is also known as a public company. Open corporations (8) to follow strict regulations, including regular financial reporting and transparency to ensure they are acting in the interest of their shareholders. These companies are often larger and have the potential (9) significant amounts of capital by selling stock to the public. Investors in open corporations become shareholders, and they can buy and sell stock freely (10) the stock market. The value of the company’s stock can (11) based on the company’s performance, the economy, and other factors. Shareholders in an open corporation typically (12) a board of directors to oversee the management of the company. One of the main advantages of being an open corporation is the ability to raise capital more easily. However, these companies also (13) greater scrutiny from regulators and investors due to their public status. Shareholders (14) an open corporation have limited liability, meaning their personal assets (15) ___if the company faces financial difficulties.
   
   
7. A. had offered
   
   B. offers
   
   C. are offering
   
   D. offer
   
   
8. A. requires
   
   B. required
   
   C. are required
   
   D. is required
   
   
9. A. will raise
   
   B. to raise
   
   C. raised
   
   D. are raising
   
   
10. A. on
    
    B. by
    
    C. without
    
    D. outside
    
    
11. A. fluctuates
    
    B. fluctuated
    
    C. fluctuate
    
    D. fluctuating
    
    
12. A. elected
    
    B. will elect
    
    C. is electing
    
    D. elect
    
    
13. A. face
    
    B. facing
    
    C. has faced
    
    D. faces
    
    
    
14. A. along
    
    B. on
    
    C. in
    
    D. without
    
    
15. A. protected
    
    B. protect
    
    C. are protected
    
    D. is protected

Английский язык 11 класс Открытые корпорации и банковские счета для бизнеса английский язык бизнес счета открытие счета ограниченная компания акционерное общество открытая корпорация финансовая отчетность акционеры управление компанией ответственность акционеров