is a form of business that is owned and controlled by one person
What is sole proprietorship
100
is a legal entity, created under state law, with the power to conduct its affairs as though it were a person
What is Corporation
100
is the combination of a limited partnership and a limited liability partnership.
What is Limited liability limited partnership
100
is a nonpartnership form of business organization that has the tax benefits or a partnership and the limited liability benefits of a corporation.
What is Limited Liability Company
100
is an enterprise relationship in which two or more people combine their labor or property for a single business undertaking.
What is Joint venture, also called a joint enterprise, co-venture, or syndicate
200
is an association of two or more persons for the purpose of carrying on as co-owners in a business for profit.
What is Parntership or co-partners
200
It comes into existence when the state government issues a
What is certrificate of incorporation or charter or articles of incorporations
200
are partners in name only
What is Nominal partners or ostensible partners
200
Owners of a limited liability company are called
What is Members
200
is an arrangement in which the owner of a trademark, a trade name, or copyright licenses others, under special conditions or limitations, to use the trademark, trade name, or copyright in purveying goods and/or services.
What is Franchise
300
is one which the parties carry on a business for the join benefit and profit of all partners.
What is General partnership
300
are people who are used sometimes to begin a corporation by obtaining investors and taking control up to the time of the corporation’s existence.
What is Promoters
300
is an act or occurrence that requires the partnership to eventually terminate
What is Dissolution
300
Instead of having articles of incorporations, an LLC has
What is Articles of organization
300
is a suit by a stockholder to enforce a corporate cause of action
What is Derivative action
400
invest money or other property in the business, but are not liable for the debts or obligations of the partnership.
What is Limited partners
400
A corporation that is created for charitable and benevolent purposes is known as
What is Eleemosynary corporation
400
take an active part in the business, but are not known to the public as partners.
What is Secret partners
400
rather than having bylaws, a limited liability company has an
What is Operating agreement
400
What is State laws designed to protect the public from the sale of worthless stocks are known as
what is blue-sky laws
500
are ones who may be known to public as partners, but who take no active part in the business.
What is Silent partners
500
is stock that has a superior right to dividends and to capital when the corporation is dissolved.
What is Preferred stock
500
occurs when a partnership is dissolved
What is Winding-up period
500
are people designated by the members to manage the LLC
What is Managers
500
stipulates that the income of the corporation will be taxed directly to the shareholders rather than to the corporation itself.