Types of Businesses
When a single individual owns, manages, and operates a business
Proprietorship
These people own shares in a corporation and have voting rights on major corporate decisions.
Shareholders
This tech company, founded by Bill Gates and Paul Allen in 1975, is known for its Windows operating system and Office software.
Microsoft
In this TV show, a fictional law firm called Pearson Hardman is the setting, where lawyer Harvey Specter works at a prestigious firm with Mike Ross, who never went to law school.
Suits
This chubby 10-year-old has gone famous for doing the mogging expression
The Rizzler
This type of business is formed by two or more individuals who share profits, losses, and management responsibilities.
Partnership
Internal rules and procedures that govern a corporation's operations
Bylaws
This fast-food chain, famous for its golden arches, was founded by Ray Kroc and is now one of the largest fast-food chains in the world.
McDonalds
In this 1992 film, Tom Cruise plays a military lawyer who defends two Marines accused of murder, delivering the famous line, "You can't handle the truth!"
A Few Good Men
This song by Rick Astley, which became an internet meme, has been used to prank people for years by tricking them into watching the music video.
Never Gonna Give You Up
This type of business structure offers liability protection for its owners but requires more formalities and paperwork than a partnership.
Limited Liability Company (LLC)
Group of individuals elected by shareholders to oversee the corporation's management
Board of directors
This American multinational retailer, founded by Sam Walton in 1962, is the largest retailer in the world by revenue.
Walmart
In this long-running courtroom drama, lawyer Jack McCoy, played by Sam Waterston, prosecutes criminals in New York City.
Law & Order
This popular snack food, invented in 1964, was originally created as a way to make fried potato chips healthier by removing the fat.
Pringles
This form of business is a separate legal entity, often owned by shareholders, where the owners are not personally responsible for the company's debts.
Corporation
When a corporation makes a profit, it may choose to do this, which involves paying some of the profits to shareholders.
Dividend
Founded in 1977, this e-commerce giant was originally a bookstore but is now the world's largest online retailer.
Amazon
This animated TV series features a talking dog named Brian, who once served as a lawyer and runs for office in the fictional town of Quahog.
Family Guy
How many years does the average human spend on their phone during their lifetime?
2 years
This type of business is often used by nonprofit organizations, where profits are reinvested into the organization’s mission rather than distributed to shareholders.
Non-profit
The legal combination of two companies into one entity with one company absorbing the other
Merger
The founder of this company went to Homestead.
Apple
In 2001, this music mogul and entrepreneur, known for his work with Bad Boy Records, was involved in a highly publicized case in which he was charged with possession of a weapon and bribery, but was later acquitted of all charges
Diddy
This was Fremont High School's mascot before they were the Firebirds.
The Fremont Indian's