Sole Proprietorships/Partnerships
Business owned by one person.
What is a sole proprietorship?
A legal entity subject to the laws of the state in which it is formed.
What is a corporation?
Two or more firms combine to form one new company.
What is a merger?
Brings in the most number of sales.
What is a corporation?
A partner that has unlimited liability.
What is a general partner?
Owners of a corporation.
What is stockholder or shareholders?
Ace Hardware is an example of this.
What is a buyer cooperative?
Brings together unrelated businesses to reduce risk
What is a conglomerate merger?
This age groups are attracted to owning franchises?
Owner is personally responsible for all debts the company incurs, even if they exceed the company's value.
What is unlimited liability?
When the corporation is taxed and when shareholders are taxed on dividends.
What is double taxation?
Sells the goods or services of another company's.
What is a franchisee?
A corporation or investor group finds a target company and negotiates with its board of directors to purchase it.
What is an acquisition?
U.S. companies are seeking intellectual capital from.
What is India and China?
Written agreement between two people to form a business together?
What is a partnership agreement?
new hybrid corporation when owners have limited liability and taxed as partnership and there is no restrictions on the number of owners.
What is a limited liability company (LLC)?
Loss of control, cost of franchising, and restricted operating freedom.
What is disadvantages of a franchise?
What is financial restructuring?
The least popular type of business ownership.
What is partnership?
A partnership with one or more general partners and one or more limited partners.
What is a limited partnership?
What is officers?
contract that allows the franchisee to use the franchisor's business name, trademark, and logo
What is a franchise agreement?
Companies in the same stage in the industry merge to reduce costs, expand product offerings, or reduce competition.
What is horizontal merger?
What is retirement?