the ownership framework of a company or firm
business organization
In which service organization go the owner have actually all the responsibility?Sole Proprietorship
This is someone that starts their very own business.

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These are laws in a city the designate particular areas to be because that residential and others because that business.Zoning Laws
What wake up to a single proprietorship if the owner overcome away and also no one is left to take over?It fails and goes under
What are organization organizations owned by 2 or an ext people?partnerships
This type of cooperation is wherein all partners share financial obligation equally.General Partnership
This partnership is where just one human has complete financial responsibility and the various other partners just invest your money.Limited Partnership
In a minimal partnership exactly how many people in the partnership have unlimited personal liability?One-the general partner
What room the benefits of a partnership?Easy start up, gaue won Impact, shared Decision Making
What should all partnerships have actually that spells out the guidelines and also rules for the for sure or company?Articles the Partnership
What are the disadvantages of a partnership?unlimited liability, an individual conflict, absence of performance
This is a semi-independent firm that payment royalties to a parental companyFranchise
: a legitimate entity, or being, own by individual stockholders, every of who has limited liability because that the this firm debtscorporation
This is a certificate of ownership in a corporationStock
Type of coporation, group that uses stock to just a few member, aka: family.

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Closed corporation
Corporation that sells stock on the open marketPublic Corporation
What space the advantages of stockholders?Limited liability, carry out Flexibility
a formal contract authorize by a copy, group or various other entity that contains a promise to repay obtained money v interest at fixed intervalsbond
This is a license to form a corporation issued by the state governmentcertificate of incorporation
: the part of corporate earnings paid out to stockholdersdividend
a form of company with restricted liability for the owners, through the benefit of no paying corporateLimited liability corporation
This is the mix of 2 firms competing in the same sector with the same good or servicehorizontal merger
This is two or an ext firms connected in various stages of creating the same great or service.Vertical Merger
a business mix merging an ext than three businesses that develop unrelated assets or servicesConglomerate
a big corporation that produces and sells that goods and also services in an ext than one countryMultinational corporation
A business organization owned and operated by a team of people for their common benefitcooperative organizations
What is a benefit of a cooperative organization?They don't need to pay taxes
Retail outlet owned and also operated by consumer that sells merchandise come members at decreased pricesconsumer co-ops
What is an instance of a organization co-op?Credit Unions
Agricultural marketing to aid members sell their productsProducer Co-ops
What walk a producer co-op enable farmers to do?farm fairly than sell
Operates like a business but go not work-related for the objective of generating profitNon-Profit Organization
What space non-profit organizations exempt from?Income Tax
What are instances of non-profit organizationsProfessional organizations, Business and also trade associations, labor unions