Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
|
Joint Venture
|
A conjoined undertaking of a specific commercial enterprise by an association of persons. It is normally not a legal entity and is treated like a partnership for federal income tax purposes.
|
|
|
Syndicate
|
An investment group of persons or firms brought together for the purpose of financing a project that they would not or could not undertake independently.
|
|
|
Business Trust
|
A voluntary form of business organization in which investors transfer cash or property to people in exchange for certificates that represent their investment shares. Management of the business and their property is handled by the people for the use and benefit of the investors. The certificate holders have limited liability and share the profits.
|
|
|
(LLC) - Limited Liability Corporation
|
A hybrid form of business enterprise that offers an incentive but the tax advantages of a partnership.
|
|
|
Cooperative
|
An association that is organized to provide an economic service to its members (or shareholders). It will make distributions of dividends, or profits, to its owners on the basis of their transactions with this rather than on the basis of the amount of capital they contributed.
|
