1.4. Find a suitable definition for each word in the right column.
business entity
business lawyer
to enhance
in-house legal team
sole trader
a. to improve the quality, amount, or strength of something
b. hired by a corporation's law department to handle a range of legal issues affecting the company, among them employment, policy, tax and regulatory matters
c. self-employed person who owns and runs their own business as an individual.
d. The primary role of this person involves providing advice and other legal services that affect various aspects of a business.
e. organization created by an individual or individuals to conduct business, engage in a trade, or partake in similar activities.
business lawyer - d. The primary role of this person involves providing advice and other legal services that affect various aspects of a business.
to enhance - a. to improve the quality, amount, or strength of something.
in-house legal team - b. hired by a corporation's law department to handle a range of legal issues affecting the company, among them employment, policy, tax, and regulatory matters.
sole trader - c. self-employed person who owns and runs their own business as an individual.
Explanation:
1. Let's start with the term "business entity." A business entity refers to an organization that is created by one or more individuals to conduct business, engage in a trade, or partake in similar activities. It can be a company, partnership, or any other legal structure formed for business purposes.
2. Moving on to "business lawyer." This refers to a legal professional who specializes in providing advice and other legal services that affect various aspects of a business. They handle different legal issues that arise in a company, such as employment matters, policy development, tax compliance, and regulatory compliance.
3. Now, let's define "to enhance." This verb means to improve the quality, amount, or strength of something. It implies making something better or more effective.
4. The term "in-house legal team" refers to a group of lawyers who are employed by a corporation's law department. They are hired to handle a range of legal issues that affect the company internally. This can include employment disputes, policy drafting, tax planning, and compliance with regulations.
5. Lastly, "sole trader" refers to a self-employed person who operates their own business as an individual. They own and run the business alone, assuming all the risks and responsibilities associated with it.
In summary, by understanding these definitions, we can grasp the meanings of these terms related to business and law. Remember, it's important to clarify any unfamiliar terms to ensure a comprehensive understanding.