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13 Cards in this Set
- Front
- Back
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sole proprietorshup
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A business that is owned by one person
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liability protection
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insurance against debt of a business
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unlimited liability
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full responsibility for all actions
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partnership
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business with more than two owners
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general partner
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person takes full responsibility and pay taxes
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limited partner
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a partner in a business who liability is limited
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corporation
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a big business
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c-corperation
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entity pay taxes for profit
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shareholders
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An owner of share of stock in a corperation
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limited liability
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responsibility of a corporate shareholder
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subchapter s corporations
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profits taxed only once to the shareholder
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nonprofit corporation
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legal entity that makes money for reasons other than the owners profit
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limited liability company (LLC) |
a company whose owners have limited liability
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