Types of companies
The owner or manager of a business enterprise who, by risk and initiative, attempts to make profits
What is an entrepreneur?
A person who administers the affairs of an organization
What is an administrator?
The name used by a manufacturer, merchant, service company, farming business, etc., to identify itself individually as a business.
What is a business name?
A daily record of all the transactions of a legislative body, an organization, etc.
what is a journal?
A tax on the profits of a company or other incorporated body
What is a corporation tax?
A company or corporation whose capital is divided into shares represented by stock.
What is a stock company?
A partner with unlimited liability for the debts of the partnership
What is a general partner?
An organization using the surplus of its revenues to further its objective, rather than distributing its income to the organization's shareholders, leaders, or members
What is a non-for-profit organization?
Document that contains the accounting legal regulatory framework and guidelines to be applied for all the companies.
What is the General Acoounting Plan?
A place of business together with its employees, merchandise, equipment, etc.
¿What is a business establishment?
A company in which the shareholders cannot be assessed for debts of the company beyond the sum they still have invested in the company.
A business partner who has no management authority and no personal liability
What is a limited partner?
An individual, company, or other entity which has legal rights and is subject to obligations
What is a legal person?
A statement that shows the financial position of a business enterprise at the end of the financial period by listing the asset balances and the claims on such assets
What is a balance sheet?
Government agency responsible for the intake of government revenue, including taxes and sometimes non-tax revenue.
What is a revenue agency?
A commercial enterprise owned and managed by and for the benefit of customers or workers
¿What is a cooperative society?
The statutory meeting of the directors and shareholders of a company or of the members of a society, held once every financial year, at which the annual report is presented
What is an annual general meeting?
A formal document with permanent rules established by an organization, corporation, etc., to govern its internal affairs.
What are the articles of association?
Book in which transactions are recorded (one page for each account) to facilitate subsequent entry in the balance sheet
What is a general ledger?
A government department that provide social services concerned with pensions and benefits for the elderly, the sick, etc
What is Social Welfare?
A partnership formed by at least one general partner and at least one special partner
What is a limited partnership?
A meeting specially called to discuss a particular item of a company's business, usually one of some importance. The meeting may be called by a group of shareholders or by the administrators
What is an extraordinary general meeting?
A formal legal document signed, witnessed, and delivered to effect a transfer of property or to create a legal obligation or contract
What is a notarial deed?
A statement of all the debit and credit balances in the ledger of a double-entry system, drawn up to test their equality, unless once every three months.
What is a trial balance?
Office with a database which lists all companies which are licensed to operate in a country, region or municipality.
What is Commercial Registry?