Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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.

Remove ads
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards




share
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

Business Partnership

Entrepreneurship

TermDefinition
Entrepreneurship the process of starting and operating your own business
Entrepreneurs people who create, launch, organize, and manage a new business and take the risk of business ownership
Franchise a legal agreement to sell a parent company's product services in a designated geographic area
Sole Proprietorship a business that owned and operated by one business
Unlimited Liability the owner's financial liability is not limited to investments in the business
Partnership a legal agreement between two or more people to be jointly responsible for the success or failure of a business
General Partnership each partner shares in the profits and losses
Limited Partnership each limited partner is liable for any debts only up to the amount of his or her investment in company
Limited Liability means that the personal assets of the owners cannot be taken if the company does not meet its financial obligations or if it gets into legal trouble
Corporation a legal entity created by either a state or a federal statue, authorizing individuals to operate an enterprise
Stockholders the owners of a corporation and have limited liability
Foreign Corporation one that is incorporated under the laws of a state that differs from the one in which it does business
Limited Liability Company (LLC) a relatively new form of business organization that is a hybrid of a partnership and a corporation
DBA (Doing Business As) the registration by which the county government officially recognizes that a new proprietorship or partnership exists
Articles of Incorporation identify the names and address of a new corporation, its purpose, and the names of the initial directors
Created by: rymeer