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EXAMPLES
OTHER
100
The most common type of business organization in the United States
What is SOLE PROPRIETORSHIP?
100
Two or more persons to carry on as co-owners of a business for a profit.
What is PARTNERSHIP?
100
Business owned and managed by an individual (two words).
What is SOLE PROPREITORSHIP?
100
Coca Cola
What is a CORPORATION?
100
Easy to open or close, few regulations,freedom and control, owner keeps profits.
What are ADVANTAGES OF SOLE PROPRIETORSHIP?
200

Also known as stocks

What are SHARES?

200
Authorization to operate a business.
What is LICENSE?
200
Risks 100% of loss should the business fail.
Who is SOLE PROPRIETOR?
200
Shumaker, Loop & Kendrick LLP
What is PARTNERSHIP?
200
They are the owners of a corporation.
Who are SHAREHOLDERS?
300
A business which is owned by a group of stockholders.
What is CORPORATION?
300
Owned and operated by a group for their shared benefits.
What is a COOPERATIVE?
300
A business that has its profits taxed twice.
What is a CORPORATION?
300
Gardner Family Business
What is SOLE PROPRIETORSHIP?
300
Has fewer skills tO run business.
WhO is a SOLE PROPREITOR?
400
Type of liability in which you can lose all your assets.
What is UNLIMITED LIABILITY?
400

Abbreviation for a partnership with limited liability.

What is LLC?

400
Type of liability in which you only lose your initial investment in the company.
What is LIMITED LIABILITY ?
400
HERITAGE
What is a COOPERATIVE?
400
Is viewed as a legal entity that can sue and be sued.
What is a CORPORATION?
500
Profits paid out to stockholders.
What are DIVIDENDS?
500
A corporation that produces and sells in more than one country.
What is a MULTINATIONAL?
500
Legal obligation to pay debts.
What is LIABILITY ?
500
HONDA (two words)
What is MULTINATIONAL CORPORATION?
500
Situation in which a business ceases to exist if the owner dies, retires, or leaves the business for some other reason.
What is LIMITED LIFE?