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Definition
| a legal agreement to sell a parent company's product or services in a designated geographic area |
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| a business that is owned and operated by one person |
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| means that the owner's financial liability is not limited to investments in the business. |
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| a legal agreement between two or more people to be jointly responsible for the success or failure of a business. |
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Definition
| each partner shares in the profits and losses |
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| each limited partner is liable for any debts only up to the amount of his or her investment in the company. |
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Definition
| means that the personal assets of the owners cannot be taken if a company does not meet its financial obligations or if it gets into legal trouble |
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Definition
| means that the personal assets of the owners cannot be taken if a company does not meet its financial obligations or if it gets into legal trouble |
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Term
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Definition
| means that the personal assets of the owners cannot be taken if a company does not meet its financial obligations or if it gets into legal trouble |
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Definition
| a legal entity created by either a state or a federal statute, authorizing individuals to operate an enterprise. |
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Definition
| are the owners of a corporation and have limited liability |
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Definition
| is one that is incorporated under the laws of a state that differs from the one in which it does business |
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| limited liability company(LLC) |
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Definition
| a relatively new form of business organization that is a hybrid of a partnership and a corporation |
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Definition
| is a registration by which the county government officially recognizes that a new proprietorship or partnership exists |
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| Articles of Incorporation |
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Definition
| identify the name and address of a new corporation, its purpose, and the names of the initial directors |
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Definition
| a group of people living in the same place or having a particular characteristic in common |
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Definition
| differ in size, amount, degree, or nature from something else of the same general class |
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