Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

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.
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.
Don't know
remaining cards
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:
restart all cards
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

SB unit3 vocab

small business vocabulary

C-corporation The most common form of corporation. It protects the entrepreneur from being personally sued for the actions and debts of the corporation.
Corporation A business that is chartered by a state and legally operates apart from its owners.
Franchise A legal agreement that gives an individual the right to market a company’s products or services in a particular area.
Franchisee A person who purchases a franchise agreement.
Franchisor The person or company who sells a franchise.
General partnership A partnership in which all partners have unlimited personal liability and take full responsibility for the management of the business.
Initial franchise fee The fee the franchise owner pays in return for the right to run the business.
Joint venture A partnership in which two companies join to complete a specific project. The partnership ends after a specified period of time.
Limited liability The owners of a business are liable only up to the amount of their investment in the business.
Limited Liability Company (LLC) A new form of business ownership that provides tax advantages and limited liability.
Limited partnership A partnership in which the partners’ liability is limited to their investment.
Nonprofit corporation Legal entities that make money for reasons other than the owner’s profit.
Partnership A form of business ownership in which two or more people share the assets, liabilities, and profits.
Public goods Goods from which everyone receives benefits.
Sole proprietorship A business owned and operated by one person.
Strategic alliance A partnership in which two businesses work together for mutual benefit.
Subchapter S corporation A corporation that is taxed as a sole proprietorship or partnership.
Unlimited liability The debts of the business must be paid from the personal assets of the owner.
Created by: Dashay