Term
|
Definition
| process of starting and operating your own business |
|
|
Term
|
Definition
| people who create, launch, organize, and manage a new business and take the risk of ownership |
|
|
Term
|
Definition
| anything serving to indicate or point out, as a sign or token |
|
|
Term
|
Definition
| of or relating to one's own or a particular country as apart from other countries |
|
|
Term
|
Definition
| a social group of any size whose members reside in a specific locality, share government, and often have a common cultural and historical heritage |
|
|
Term
|
Definition
| 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 owner's financial liability is not limited to investments in the business |
|
|
Term
|
Definition
| legal agreement between two or more people to be jointly responsible for the success or failure of a business |
|
|
Term
|
Definition
| each partner shares ion the profits and losses |
|
|
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
| 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 |
|
|
Term
|
Definition
| legal entity created by either a state or a federal statute |
|
|
Term
|
Definition
| owners of the 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 buisness |
|
|
Term
| Limited Liability Company |
|
Definition
| organization that is a hybrid of a partnership and a corporation |
|
|
Term
|
Definition
| registration by which the country gov. officially recognizes that a new proprietorship or partnership exists |
|
|
Term
|
Definition
| to change or alter, as in form, appearance, character, or substance |
|
|
