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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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| business that is owned and operated by one person |
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| owner's financial liability is not limited to investments on the buisness |
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Definition
| 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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Definition
| 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
| 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
| the owners of a corporation and have limited liability |
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Definition
| 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 Corportaion (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
| the registration by which the country 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
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Definition
| become different in some particular way, without permanently losing one's or its former characteristics or essence |
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