Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

bule 302 test4

QuestionAnswer
simple to form owner is the business owner pays income taxes on profits lower taxes personal property is liably for debts sole proprietorship
owner IS the business and is personally liable for all debts sole prop
lower taxes on inidivual sole prop
personal property of the owner is liable for repayment of debts of the business sole prop
created between 2 or more parties to share profits/losses and have joint ownership of the business general partnership
equal right to managemtn by owners general partnership
income is passed through to the owners who then pay personal income taxes general partnership
all owners carry liability of business debts general partnership
considered a business entity for limited purposes. not taxes. general partnership
business can own property and sue as a business general partnership
owners have fiduciary duty to other partners general partnership
typically for family businesses "pass through" tax entity but limits personal liability of partners Limited Liability Partnership (LLP)
has atleast one general partner and any number of limited partners Limited Partnership (LP)
limited partners are only liable up to their investments limited partnership LP
only general partner can manage company limited partnership LP
hybrid form of business that offers limited liability of a coporation with the tax benefits of a partnership limited liability company LLC
limited partners participate in management through operating agreements limited liabilty company LLC
company is a citizen of every state of each member limited liabilty company
name must include LLC limited liabilty company
arrangement in which an owner of a trademark, trade name leases the trade name to someone under specified conditions franchise
types of ___?___: distributorship (car dealership), chain style operatio (mcdonalds), manufacturing/processing arrangement (soda bottling/labeling) franchise
Created by: redskins12006
Popular Business sets
Text and Document Formatting, Arkansas Frameworks
Excel
Personal Characteristics and Skills of a Successful Entrepreneur
Examples of Personal Characteristics and Skills of a successful Entrepreneur
Glossary for Internal Operations of a Large Business
Descriptions of the 5 stages of the Entrepreneurial Process
Entrepreneurial Process Activities
Business Plan Parts
Bus Plan Parts Ex
Unit 1 - Hardware and Software
Business Voc. Day 2
A4 CBA Excel Vocab

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards