Two or more people can go into business
together by setting up either a limited company or a partnership. A partnership
is the easier way to get started, and simply links two or more people together
in a simple business structure. Unlike a limited company, a partnership doesn’t
have a separate legal status. The partners are usually self-employed
individuals, although a limited company counts as a ‘legal person’ and can also
be a partner.
In a partnership, you and your partner or
partners personally share responsibility for your business. This means, among
other things, that if your business cannot afford to pay its debts, you must
pay them yourselves. Again, this is not the case with a limited company.
Partners share the business’s profits, and each partner pays tax on their
share.
When you set up a business partnership you
need to choose a name. You can trade under your own names, for example, ‘Smith
and Jones’, or you can choose another name for your business. You don’t need to
register your name. However, you should register your name as a trademark if
you want to stop people from trading under your business name.
Business partnership names must not include
‘limited’, ‘Ltd’, ‘limited liability partnership’, ‘LLP’, ‘public limited
company’ or ‘pic’, be offensive, or be the same as an existing trademark. Your
name also can’t suggest a connection with government or local authorities,
unless you get permission. There is no central database of partnership names in
the UK, so to avoid using the same name as another business, it is advisable to
search on the internet for the name you are considering.
You must include all the partners’ names and
the business name (if you have one) on official paperwork, for example
invoices. You must choose a ‘nominated partner’ who is responsible for registering
your partnership with HM Revenue and Customs (HMRC), the government department
responsible for the collection of taxes. This person is responsible for
managing the partnership’s tax returns and keeping business records.
Alternatively, you can appoint an agent to deal with HMRC on your behalf.
All partners need to register with HMRC
separately and send their own tax returns as individuals. You must register by
5 October in your business’s second tax year, or you could be charged a
penalty. You must also register for VAT if your VAT taxable turnover is more
than £85,000. You can choose to register if it’s below this, for example to
reclaim VAT on business supplies.
Questions 20-27
Complete the sentences below.
Choose ONE WORD ONLY from the text for each answer.
Write your answers in boxes 20-27 on your answer sheet.
20. A partnership is different from a
limited company in not having its own .................. as a legal body.
21. The partners are personally responsible for paying all the
partnership's .................. .
22. The partnership's .................. are divided between the
partners.
23. Registering the partnership's name prevents others from using
that name when .................. .
24. The best way to find out if a name is already in use is to use
the .................. .
25. The names of the partners and the partnership must appear on
.................. and other documents.
26. You must have a nominated partner, or someone to act as your
.................. for all contact with HMRC.
27. You will have to pay a .................. if you miss the
deadline for registering the partnership.
Sample 2
Negotiating
a better salary package for your new job
If
you make it through the recruitment interview, a job offer may be just around the
corner and you face having to talk about the nitty-gritty: your financial
value.
Although
many graduate training schemes have set starting salaries, there are loads of
other jobs where you’ll need to exercise your negotiating skills. If you’re
offered a job, it’s because the organisation sees you as a valuable asset and
you should try to set your level of remuneration accordingly.
There
are no general rules about how and when to conduct your negotiation but being
sensitive to the culture of the organisation is essential. There are also some
practical steps you can take to position yourself sensibly. Familiarise
yourself with the company itself, as well as the range of salaries on offer.
Doing careful research in this way prior to starting negotiations is very
valuable. You can look at the range of packages offered for comparable jobs in
adverts on the internet, or ask for advice from people you know professionally
or personally. You could also approach a local Training and Enterprise Council.
Finally, if you’re a member of a union, they will have information on
acceptable salary ranges for your profession.
If
the salary offered is less than you’d hoped for, you could negotiate an early
pay review instead, say after the first six months. Ensure that the criteria
are clearly set out though, and that they’re included in your contract.
Make
sure you check out the salary package, not just the number of zeroes on your
payslip. You may find that the total package of pay and benefits raises the
worth of the salary to an acceptable level. For instance, you may be offered
private health cover, a non-contributory pension, a car to use for work
purposes and/or significant bonuses. When bonuses are mentioned, you may want
to discuss the basis on which they’re paid, so that you’re absolutely clear
about the terms and conditions attached. When negotiating, be persuasive and
consistent in your arguments but be prepared to agree to a compromise if you
really want the job.
If
your negotiations are successful, ask for the agreed terms and conditions to be
confirmed in writing ASAP.
Questions 15-20
Complete the sentences below.
Choose ONE WORD ONLY from the text for each answer.
Write your
answers in boxes 15-20 on your answer sheet.
15. When negotiating a salary, potential employees should take
advantage of the company’s view of them as a useful ....................... .
16. When negotiating a salary it is important
to be aware of the company’s particular ....................... .
17. Some people use the
....................... to monitor salaries offered for similar positions.
18. People who belong to a
....................... can ask for recommendations on what is the norm for
payment in their field.
19. Some people try to arrange for a
....................... of their salary to be carried out after an initial
period.
20. It is important to be willing to accept a
....................... if the negotiations are getting nowhere.
Sample 3
Benefits for staff of Hamberton
Hospital
Our
attractive benefits package is one of the ways we acknowledge the contribution
they all make in the provision of high quality patient care. Our package is
extensive and varied.
As
a Hamberton employee, you’ll enjoy both National Health Service (NHS) and
locally developed schemes, providing you with a range of benefits. These
include:
Financial Benefits
• opportunity to contribute to the NHS Pension Scheme – highly regarded
by the independent pensions and insurance sector
• Injury Benefits Scheme
• excellent occupational sick pay and maternity leave and pay
entitlements
• loans to assist with the purchase of housing for employees in the
health service
Work-Life Balance
Here at Hamberton, we are committed to helping all employees balance their work
and home life commitments. We believe by helping people make this balance we
are able to recruit, retain and motivate the most valuable asset of the NHS –
our employees. We are committed to making this balance work for all employees
equally, not just parents.
Over
50% of our staff work part-time in a range of flexible working options, which
include:
• job sharing
• term-time-only working
• part-time working
• individually-tailored working patterns
We
also support employees further through our caring and special leave
arrangements.
Health
• our own occupational health department, providing a totally
confidential service open to all staff during normal working hours
• a round-the-clock free and confidential counselling service
• policies supporting phased returns to work after long illnesses or
injuries
Other Benefits
On-site facilities include:
• excellent food provided in our restaurant
• ample parking
• retail outlets
NHS Discounts
All NHS employees can access the NHS Discounts scheme. This allows members of
staff free access to a number of discounted products and services. For example,
discounts are available at many high street shops and elsewhere, including
savings on toys, utility bills, days out, and much more.
Red Guava
This is a further discount benefit, which is available to employees of
Hamberton. Red Guava provides discounts on holidays, for example, and can save
you money in many other ways too.
Questions 15-21
Complete the sentences below.
Choose ONE WORD ONLY from the text for each answer.
Write your answers in boxes 15-21 on your answer sheet.
15. The hospital provides benefits to show
its recognition of the ………………………… of staff to its work.
16. Financial benefits include pay for staff who are ………………………… or
on maternity leave.
17. ………………………… are available for staff who wish to buy a home.
18. Helping staff with their work-life balance is not restricted to
…………………………
19. The hospital has ………………………… that are designed to help staff
return to work after a long absence.
20. The facilities on hospital premises include a large area for
…………………………
21. The cost of ………………………… is reduced by using the Red Guava
scheme.
Sample 4
Registering As An Apprentice
If
you are keen to acquire new skills and learn best through ‘hands-on’
experiences, then registered apprenticeship is a good option for you. These
programmes always involve work experience as well as classroom instruction and
produce workers skilled in the occupation. There is a written contract to be
signed by the apprentice and the employer, which acknowledges their joint
commitment to the training process. This contract is approved and registered by
the New York State Department of Labor.
How Do I Qualify?
First of all you must meet the employer’s minimum qualifications. This could be
a high school diploma or the equivalent. However, some employers will ask for
specific high school courses, prior experience, or occupationally related
courses.
What Is My Training Like?
Training for each apprenticeable occupation is conducted according to a
training outline that has been standardized for the occupation. This assures
that apprentices across the state have the same sets of basic competencies and
skills. At the successful completion of each registered apprenticeship, the
Department of Labor awards the apprentice a ‘Certificate of Completion’, which
is a nationally recognized credential.
The
length of time it takes you to learn the skills of the occupation depends upon
two things: the standard training outline and your aptitude. Each trade has a
definite term of training, listed in years. As a registered apprentice, you may
progress according to that established training term, or you may become skilled
more quickly or more slowly. It may even be that you start your apprenticeship with
credit toward the goal. Your employer may choose to award you this for previous
working experience in the occupation, or for prior coursework related to the
occupation.
As
an apprentice, you are part of the employer’s workforce. You work full-time for
the employer. A registered apprentice works under the guidance of more
experienced craft workers called journey workers. From them, you learn the
skills of the trade. As you master each skill, you become a more productive
employee.
At
the same time as you are working, you are also required to attend classes
(usually in the evenings). The location and times of these are set up by the
local education agent in consultation with the employer. Your progress is
tracked by you, your employer and your education provider.
Successful
completion of all requirements results in your certificate.
Questions 21-27
Complete the sentences below.
Choose NO MORE THAN TWO WORDS from the text for each
answer.
Write your
answers in boxes 21-27 on your answer sheet.
21. You and your employer will need to sign a ………………… before
training starts.
22. Employers may have different minimum
requirements regarding applicants’ ………………… and experience.
23. Each industry has its own
standardised …………………of training.
24. You may be given credit for work
experience or if you have done relevant …………………
25. You will be considered as a member of the
………………… during the apprenticeship.
26. While at work, apprentices are supervised
by what are known as ………………… .
27. Employers are consulted when deciding
the ………………… and schedule for lessons.
Sample 5
Should
you pay someone to write your CV?
In
my view, the belief that the individual is the best person to write their own
CV is not always true. Although many people can write their own CVs, and do it
well, others struggle with a variety of problems initially, such as not knowing
how to structure a CV or how to highlight their most relevant strengths.
Through in-depth consultation, a professional CV writer can help identify
exactly what is necessary for a particular role, cut out unnecessary or
irrelevant details, and pinpoint what makes the individual stand out. This
level of objectivity is one of the major benefits of working with a
professional writer. It’s often difficult to stand back from your own career
history to assess what’s relevant or not, or to choose the most appropriate
qualities.
If
you do choose to work with a professional CV writer, here are some tips:
Ask
for a CV writer who has experience in your sector. HR professionals and
recruiters with relevant experience can also have valuable insights into what
companies are looking for.
Look
for someone who’s prepared to take the time to find out your core qualities,
who can choose exactly the right words for maximum impact and who understands
what and where to edit. Ask to see samples of their work or use personal
recommendations before you choose a CV writing service.
You’ll
probably need to answer an in-depth email questionnaire or be interviewed
before any writing actually starts. The more you can give your CV writer to
work with, the better, so the promise of a quick turnaround time isn’t always
going to result in the best possible CV. Take the time to think about and jot
down your career aims, your past successes, and the value you bring, before you
start the whole process. Your CV will probably be used as a springboard for
questions at interview, so you need to make sure you feel happy with the way
it’s being written and with the choice of words. Being involved in the writing
process means your CV sounds authentic.
Questions 15-20
Complete the sentences below.
Choose ONE WORD ONLY from the text for each answer.
Write your answers in boxes 15-20 on your answer sheet.
15. Some jobseekers have difficulty with their CV because they
have not learnt which qualities they should .................... .
16. Professional CV writers know which .................... are
best left out of the CV.
17. CV writers with knowledge of a
particular field of work often provide useful .................... about
the skills firms expect from job applicants.
18. It is advisable to request
.................... of what a professional CV writer has previously
produced.
19. Professional CV writers often ask
jobseekers to work through a .................... as a first step.
20. If the jobseeker assists the
professional writer, the tone of the CV will be ....................
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