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Definition
| A business which has many shareholders, control is in the hands of a minority |
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Definition
| A type of business that is very easy to establish and the owner makes all the decisions |
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Term
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Definition
| n this type of business it is easy to raise large amounts of capital and it is also easy for investors to sell their stocks |
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Term
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Definition
| In this type of business each person is legally liable for the debts of entire firm |
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Term
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Definition
| This type of business is limited by your financial resource |
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Term
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Definition
| In this type of business the aim is to benefit its owners through lower prices and the distribution of surpluses at the end of the year |
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Term
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Definition
| In this type of business liability is unlimited |
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Term
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Definition
| In this type of business each person is legally liable for the debts of the entire firm and owners are at the mercy of the judgement of others |
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Term
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Definition
| In this type of business it may be difficult to reach agreement on decisions |
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Term
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Definition
| n this type of business liability is limited which means that investors are not personally responsible for business debt |
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Term
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Definition
| Member in this business organization vote on how it is administered and on what should be done with savings arising from its operation; whether it should be invested or distributed among its members |
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Term
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Definition
| This type of business organization is more expensive to establish as there are fees for federal and provincial incorporation |
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Term
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Definition
| This business is subject to double taxation both provincially and federally. |
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