corporation
what are the type of corporations?
closely held corporations and publicly held corporation.
requirements to start up a business
name, site permit, authorization
write 3 advantages of partnerships
easy to start up, share decision makimg, inexpensive.
define what is conglomerate?
a merger of 3 or more companies that produced unrelated products.
what is corporation?
a legal entity owned by individual stockholders.
what is sole proprietorships?
a business owned and managed by a single individual.
what is the most common type of partnership?
general partnership
what can corporate mergers led to?
it can led to larger companies and more profitable companies.
what are the advantages of incorporations?
limited liability for owners, thtransferable ownership, ability to attract capital and long life.
what are the characteristics of sole proprietorships?
ownership, liability, tax liability.
what is partnerships
business organization.
is conglomerate allowed by the conpany?
conglomerates is allowed by the company most of the time.
explain what is closely held corporation
a private held corporations which only issue stock row few people usually family members.
what resources do you need to start and operate a business?
money, experience, equipment, ect.
parnership with no general partner.
limited liability partnership
what are the advantages of multnationals corporations?
help improve living standerds, spread new tect, provide jobs around the world.