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11 Cards in this Set
- Front
- Back
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Joint venture
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A partnership formed to carry out a single enterprise rather than an ongoing business
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Mining partnership
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Partnership organized to develop mining property
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Joint stock company
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Entity combing double taxation of corporation with unlimited personal liability for its members
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Articles of association
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The agreement governing operation of a joint stock association
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Business trust
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An unincorporated association governed by the law of trusts in which trustees mange the business for others, called beneficiaries
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Trustee
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One to whom property or a business is entrusted to manage it for others
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Beneficiary
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One for whose benefit property or business is managed
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Statutory trust
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A trust governed by state statue
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Common law trust
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A trust created and governed by case law
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Real Estate Investment Trust
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Business that invests in real estate on behalf of numerous investors who have limited liability for the business debts
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Cooperative association
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A business owned and democratically controlled by its members for their mutual benefit
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