BUSINESS
ORGANISATION
TYPES OF ORGANISATIONS
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SOLE TRADER (d.b.a)
UNLIMITED PARTERNSHIP
LIMITED PARTNERSHIP
PRIVALTE LIMITED
COMPANY (Ltd.)
• PUBLIC LIMITED COMPANY
(plc)
• COOPERATIVE (CO-OP)
• FRANCHISE
Minidictionary
Company
company
n [C] a legally registered business. (società)
There are many different types of companies:
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joint stock company (registered company or limited company) società a responsabilità
limitata
public limited or listed company società per azioni quotate in borsa (company whose
shares are traded on the stock exchange)
Holding company (holds the share capital of one or more other companies) società
finanziaria di controllo, holding
/səb’sɪdiə,ri/
subsidiary
madre) filiale
Synonyms
(company owned by a parent company= società
Corporation n [C] AmE società di capitali, corporation concern n [C] (gruppo)
Business n [C] azienda
Minidictionary
SUBSIDIARIES
• SALES S. company that is owned by, and sells goods or
services for, a larger company:
e.g.The company sells its products in 90 countries through
25 sales subsidiaries and 40 distributors
• PARTLY-OWNED S. a company of which some of the
shares are owned by a larger company:
e.g. It is a partly-owned subsidiary of the largest
telecommunications company inCanada
• WHOLLY OWNED S. company whose shares are all owned
by another company:
e.g.Under terms of the merger agreement, Learning Co. will
become a wholly owned subsidiary of Broderbund.
THE GROWTH OF BUSINESS
• MERGERS
horizontal integration,
forward vertical integration
conglomerate merger
• TAKEOVERS
• ACQUISITIONS
• JOINT VENTURES
• MULTINATIONALS
MAIN DOCUMENTS to set up a
LIMITED COMPANY
• a Memorandum of Association (statuto)
= rules the relationaship with the outside world
• Articles of Association ( atto costitutivo)
= regualtes the internal organisation (eg. Voting rights, shares
transfer, number of directors, annual genral meeting AGM
• Certificate of Incorporation (c. di
iscrizione al regisro delle imprese)
= gives the company a separate legal identity
Minidictionary
• share n [C] a unit of the capital of a company.
Shares in listed companies can be bought and sold
on the stock market: Investors are having to pay
a higher price for the company’s shares. azione –
• shareholder n [C] azionista
• stockholder n [C] US azionista – shareholding n
[C] partecipazione azionaria
Synonym stock n [C] AmE titoli
Collocations
share capital, share certificate, share dealing,
share issue, share price
SHARES
• FOUNDERS’ SHARES
= these shares belong to the people who have founded the
company
• PREFERENCE SHARES
= the holders of these shares get apid before holders of
other types of shares
• ORDINARY SHARES
= the holders od these shares get apid last; their income is
not guaranteed
DEBENTURES and DIVIDENDS
• DIVIDENDS
= profits of a comapny distributed to the
shareholders in proportion to the number of held
shares
• DEBENTURES (OBBLIGAZIONI)
= documents with fixed rate of interest issued by
companies in order to obtain more capital
The investors buying debetured become
creditors, their interst is paid whether the
cmpany makes profit or not, and before the
shareholder’s dividends
STOCK ;
(USA) STOCKHOLDER
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fin., = (fin.,UK.) quota sociale; partecipazione azionaria
(fin., USA) azione (cfr. ingl. share : capital stock, azione ordinaria;
preferred stock, azione privilegiata
joint stock capitale azionario (o sociale); (collett.) azioni,
obbligazioni, titoli, valori mobiliari:
eg Last year this stock gained ten per cent, l'anno scorso questo
capitale azionario ha avuto una plusvalenza del dieci per cento;
voting stock, azioni con diritto di voto;
eg to buy stock, comprare azioni (o titoli);
government stock, titoli di stato; marketable stock, titoli
negoziabili; titoli quotati in Borsa
[U] (fig.) credito; popolarità: The government's stock fell sharply,
la popolarità del governo è calata drasticamente
Minidictionary
• stock option n [C] an option given to
executive employees allowing them to
buy shares in the company at a
favourable price:
eg. Microsoft has announced that it plans
to end stock options for employees.
( opzione di sottoscrizione)