Term
|
Definition
| a legal agreement to sell a parent company's product or services in a designated geographic area |
|
|
Term
|
Definition
| a business that is owned and operated by one person |
|
|
Term
|
Definition
| the owners financial liability is not limited to investments in the business |
|
|
Term
|
Definition
| a legal agreement between two or more people to be jointly responsible for the success or failure of a business |
|
|
Term
|
Definition
| each partner shares in the profits and losses and have shared unlimited liability for the company's debts |
|
|
Term
|
Definition
| each limited partner is liable for any debts only up to the amount of his or her investment in the company |
|
|
Term
|
Definition
| means that personal assets of the owners cannot be taken if a company does not meet its financial obligations or if it gets into legal trouble |
|
|
Term
|
Definition
| a legal entity created by either a state or a federal statue authorizing individuals to operate an enterprise |
|
|
Term
|
Definition
| the owners of a corporation and have limited liability |
|
|
Term
|
Definition
| one that is incorporated under the laws of the state that differs from the one in which it does business |
|
|
Term
| limited liability company |
|
Definition
| new form of business that is a hybrid of a partnership and a corporation |
|
|
Term
|
Definition
| the registration by which the county government officially recognizes that a new partnership or proprietorship exists |
|
|
Term
|
Definition
| identify the name and address of a new corporation its purpose and the names of the initial directors |
|
|
Term
|
Definition
| an interacting population of like minded individuals affecting the identity of the given members and also their cohesiveness |
|
|
Term
|
Definition
| can change depending on circumstances |
|
|
Term
|
Definition
| can change depending on circumstances |
|
|
