Forms of Ownership
| Description: | 5-2 |
| Category: | Business |
| Created by: | jacobsen616 on 2008-10-08 |
| Question | Answer |
| What term means, a business owned and run by just one person? | Proprietorship |
| What term means, a business owned and controled by two or more people who have entered into a written agreement? | Partnership |
| What term means, a separate legal entity formed by documents filed with your state? | Corporation |
| What term means, a written agreement amoung all owners? | Partnership Agreement |
| What term means, a written legal document that defines ownership and operating procedures and conditions for the business? | Articles of Incoporation |
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