Sole Proprietorships
An authorization from the local government to operate a business.
What is a Business license?
A business organization owned by two or more persons agree on a specific division of responsibilities and profits.
What is the partnership?
A business organization owned and operative by a group of individuals for their shared benefits.
What is Cooperative?
They prohibit sole proprietorships from operating businesses out of there homes.
What are the Zoning laws?
the same kind of businesses that operate as sole proprietorships can operate as general partnerships
What is a General Partnership?
A retail outlet owned and operated by consumers that sell merchandise to members at reduced prices.
What is a Consumer Cooperative?
A business owned and managed by a single individual.
What is a Sole Proprietorship?
only one partner is required to be a general partner.
What is a Limited Partnership?
a type of cooperative that provides a service rather than a good.
What is Service Cooperative
The legal obligation to pay debts.
What is Liability?
A type of partnership in which all partners are limited partners.
What is limited liability partnership?
an agricultural marketing cooperative that helps members sell their products.
What is Producer Cooperative?
Payments to employees other than wages or salaries such as paid vacation, retirement pay, and health insurance.
What is Fridge Benefits?
A partnership agreement that spells out each partner's rights and responsibilities.
What are the Articles of Partnership?
an institution that functions much like a business but does not operate for the purpose of generating profit.
What is Non Profit Organization?