logo image

BUS 101 chapter 4 and 5

sole proprietorship
a business that is owned ( and usually operated) by one person.
unlimited liability
a legal concept that holds a business owner personally responsible for all debts of the business
partnership
A voluntary association of two or more persons to act as co-owners of a business for profit.
General partner
is a person who assumes full or shared responsibility for operating a business and assumes unlimited liability for all business debts.
Limited partner
a person who invest money in a business but who has no management responsibility or liability for losses beyond his or her investment in the partnership
Articles of partnership
an agreement listing and explaining the terms of the partnership
Corporation
An artificial person created by law with most of the legal rights of a real person, including the rights to start and operate a business, to buy or sell property, to borrow money, to sue or be sued, and to enter into contractors,
Stock
the shares of ownership of a corporation
stockholder
a person who owns a corporation’s stock
limited liability
a feature of corporate ownership that limits each owners financial liability to the amount of money that he or she has paid for the corporation’s stock
not-for-profit corporation
corporations organized to provide social,educational, religious,or other services, rather than to earn a profit.
Merger
the purchase of one corporation by another; essentially the same as an acquisition.
Small business
A business that is independently owned and operated for profit and is not dominant in its field.
Business plan
carefully constructed guide for the person starting a business
Venture capital
money invested in small firms that have the potential to become very successful
Franchise
a license to operate an individually owned business as though it were part of a chain of outlets or stores.

Need essay sample on "BUS 101 chapter 4 and 5"? We will write a custom essay sample specifically for you for only $ 13.90/page

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy