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marketing

QuestionAnswer
partnership a legal agreement between two or more people to be jointly responsible for the success or failure of a business
General partnership a type of business ownership in which each partner share in the profits and losses
Limited partnership a type of business ownership in which each limited partner is liable for any debts only up to the amount of his or her investment in the company
limited liability a type of investment in which the personal assets of the owners cannot be taken if a company does not meet its financial obligations or gets into legal trouble
corporation a legal entity created by either a state or federal statue, authorizing individuals to operate an enterprise
stockholder an owner of a corporation with limited liability
foreign corporation one that is prevented under order the loss of state
LLC the owners, or members, are protected from personal liability
owning a franchise a franchise has a lot of help from the franchisor, a large amount of capital is needed to purchase most franchise
franchsie a legal agreement to sell a parent company's product
sole proprietorship a business that is owned and operated by one person
unlimited liability a type of investment in which the business owners financial liability is not limited to investments in the business
DBA the registration by which the county government officially recognizes that a new proprietorship or partnership exists
articles of incorporation identifies the name and address of a new corporation, its purpose , the names of the initial directors, and the amount of stock that will be issued to each director
Created by: asian_boi
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