individual or groups of people that own a business and its legal entities

a law which allows a group of people to conduct business as a single unit

business owned and operated by one individual

legal agreement between two or more people to be responsible for a business

partners share equal liability in the profits and losses of the business

partners have an unequal share and liability in the business, they are responsible only for the amount they invested

separate legal entity which forms a board to act as governing bodies

Separate Legal Entity

business which is granted a charter establishing its own rights, privileges and liabilities distinct from those of its members

the right or license to sell a company product or service at a designated location

a business that leases its trade name and operating system to another person

person or multiple people who pay fees to a company to operate a business under the franchisors trade name

wealth in the form of money or property, used in a business by a person, partnership or corporation

someone who has a business experience and will aid in guiding your company to success

groups of individuals who invest their money in various types of companies in search of making a profit

money borrowed from a business or investor that must be repaid over time with interest

guaranteed by collateral, items pledged making sure debt is repaid

money raised by a business or investors in exchange for a share of ownership of the company

wealthy individuals who seek high returns through private investments

money in savings which can pay expenses when income may not be accumulating

amounts of money borrowed which will accumulate interest

unique names which identify Internet sites and businesses

the grants of intellectual property rights to the inventor

words, symbol, names or devices used to specify goods and to differentiate them from others

projections provided to authors of original work

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Business 1

Business Vocab

Question	Answer
Business Ownership	individual or groups of people that own a business and its legal entities
Legal Entity	a law which allows a group of people to conduct business as a single unit
Sole Proprietorship	business owned and operated by one individual
Partnership	legal agreement between two or more people to be responsible for a business
General Partnership	partners share equal liability in the profits and losses of the business
Limited Partnership	partners have an unequal share and liability in the business, they are responsible only for the amount they invested
Corporation	separate legal entity which forms a board to act as governing bodies
Separate Legal Entity	business which is granted a charter establishing its own rights, privileges and liabilities distinct from those of its members
Franchise	the right or license to sell a company product or service at a designated location
Franchisor	a business that leases its trade name and operating system to another person
Franchisee	person or multiple people who pay fees to a company to operate a business under the franchisors trade name
Capital	wealth in the form of money or property, used in a business by a person, partnership or corporation
Mentor	someone who has a business experience and will aid in guiding your company to success
Microlending	loans which are small amounts
Investors	groups of individuals who invest their money in various types of companies in search of making a profit
Debt capital	money borrowed from a business or investor that must be repaid over time with interest
Secured	guaranteed by collateral, items pledged making sure debt is repaid
Equity Capital	money raised by a business or investors in exchange for a share of ownership of the company
Angel Investors	wealthy individuals who seek high returns through private investments
Financial Cushion	money in savings which can pay expenses when income may not be accumulating
Loans	amounts of money borrowed which will accumulate interest
Domain Names	unique names which identify Internet sites and businesses
Patents	the grants of intellectual property rights to the inventor
Trademarks	words, symbol, names or devices used to specify goods and to differentiate them from others
Copyrights	projections provided to authors of original work

Created by: 217426

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