Form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual.

is a taxation principle referring to income taxes paid twice on the same source of earned income.

Check paid to stockholders, usually quarterly, representing a portion of corporate profits.

business investment that involves renting or leasing another successful business model

certificate of ownership in a corporation; can be either common or preferred stock.

Stock of goods held in reserve; includes finished goods waiting to be sold and raw materials to be used in production.

written government approval to establish a corporation;includes company name,address,purpose of buisness,number of shares of stock,and other features of the business.

unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States.

economic institution that operates like a business but does not seek financial gain.

is an affluent individual who provides capital for a business start

Unincorporated business owned and operated by two or more people who share the profits and have unlimited liability for the debts and obligations to the firm.

most common form of corporate owner,generally with one vote per share for stockholder

Organization that works for its members interests concerning pay, working hours, health coverage, fringe benefits, and other job

Provider of investment funds to a start

Requirement that an owner is personally and fully responsible for all losses and debts of a business; applies to proprietorships, and general partnerships.

Measure of business profits determined by subtracting all expenses, including taxes, from revenues.

payment made for the use of borrowed money; usually paid at periodic intervals for long term bonds or loans

nonprofit service cooperative that accepts deposits; makes loans, and provides other financial services.

a thing used to tie something or to fasten things.

form of partnership where one or more partners are not active in the daily running of the business and whose liability for the partnership’s debt is restricted to the amount invested in the business.

the practice of obtaining information or input into a task or project by enlisting the services of a large number of people, either paid or unpaid, typically via the Internet.

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Business Types Vocab

Term	Definition
Corporation	Form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual.
Double Taxation	is a taxation principle referring to income taxes paid twice on the same source of earned income.
Dividend	Check paid to stockholders, usually quarterly, representing a portion of corporate profits.
Franchise	business investment that involves renting or leasing another successful business model
Stock	certificate of ownership in a corporation; can be either common or preferred stock.
Inventory	Stock of goods held in reserve; includes finished goods waiting to be sold and raw materials to be used in production.
Charter	written government approval to establish a corporation;includes company name,address,purpose of buisness,number of shares of stock,and other features of the business.
Sole proprietorship	unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States.
Nonprofit	economic institution that operates like a business but does not seek financial gain.
Angel investor	is an affluent individual who provides capital for a business start
Partnership	Unincorporated business owned and operated by two or more people who share the profits and have unlimited liability for the debts and obligations to the firm.
Common stock	most common form of corporate owner,generally with one vote per share for stockholder
Labor Union	Organization that works for its members interests concerning pay, working hours, health coverage, fringe benefits, and other job
Venture capitalist	Provider of investment funds to a start
Unlimited liability	Requirement that an owner is personally and fully responsible for all losses and debts of a business; applies to proprietorships, and general partnerships.
Net Income	Measure of business profits determined by subtracting all expenses, including taxes, from revenues.
Interest:	payment made for the use of borrowed money; usually paid at periodic intervals for long term bonds or loans
Credit Union	nonprofit service cooperative that accepts deposits; makes loans, and provides other financial services.
Bond	a thing used to tie something or to fasten things.
Limited Partnership	form of partnership where one or more partners are not active in the daily running of the business and whose liability for the partnership’s debt is restricted to the amount invested in the business.
Crowdsourcing	the practice of obtaining information or input into a task or project by enlisting the services of a large number of people, either paid or unpaid, typically via the Internet.

Created by: DFWayne82

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