Listening 1: Lecture on company law You are going to hear an introductory lecture on company law at an American university. 8 a 55.1 Listen to the first part of the lecture and say whether the professor Is discussing the advantages of corporations, the disadvantages of corporations or both. b 455.1 Listen again and answer these questions, 1. According to the speaker, what is the most important advantage of a corporation? 2 Which significant disadvantage does she mention? 3 How can double taxation be avoided? 9 a 45.2 Listen to the second part of the lecture. How many advantages and disadvantages does the professor mention? b 45.2 Tick the correct answer for each of the questions in the table. Listen to the lecture again if necessary. mo ip Sole Proprietorsh 1 Which entity best protects the property and assets of the shareholcers? | | 2 Which entity no ‘onger exists when its owner dies? 3 Which of the entities mentioned is the most expensive to form? 4 Which entity type(s) require relatively Paperwork? 5 Which entity requires sharenolder-employees to pay | |__unemployment tax? le ‘© 455.2 Listen to the second part of the lecture again and complete these notes. (va xtaages of corporati var le coprivior ships ai rs vantages Stockholders are not liable for corporate Selfemplounent tax... Continuous 1. Easier to raise Ow NH Easier to Lisadva © Higher rss 7 Formal organisation and corporate g Unemployment vessenanere Unit s Company law (53