Id | ESLPod_0712_CN |
---|---|
Episode Id | ESLPod 712 |
Episode Title | Types of Business Entities |
Title | Common Business Entity Abbreviations |
Text | Business names contain many common "abbreviations" (shortened versions of a word). Sometimes they are "omitted" (left out), but other times they are said "aloud" (in a speaking voice) as part of the name. For example, we often see the words "Nike, Inc." where the "Inc." "stands for" (is an abbreviation for) "incorporated," but we rarely say that part. Instead, we just refer to the company as "Nike." However, you could pronounce the abbreviation as "ink" and people would understand what was meant. The abbreviation "Corp." (for "corporation") sometimes follows business names, and it might be pronounced as "corp" if it isn't just omitted. However, for business names that end in "Co." (for "company"), "Co." is "rarely" (not very often) pronounced, either as "co" or "company." However, if a company name ends in "Co., Ltd.," both words would be pronounced "in full" (without an abbreviation; without shortening). For example, when talking about "Pepsi Co., Ltd.," most people would probably just say "Pepsi," but if they wanted to be more formal, they could say "Pepsi Company, Limited." But you would almost never see that "written out" (put in writing as full words, without abbreviations). When referring to a limited liability corporation, sometimes you can see the abbreviation "LLC" after the company's name. "Occasionally" (sometimes) you might hear someone say the letters, "L-L-C" after the name of the company, but you would almost never hear someone say "limited liability company." The most likely "scenario" (situation) would be to hear only the name of the company, without "LLC." |
Topics | Business |
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