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10 Cards in this Set

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Capitol

The financial investment contributed to a business

Creditor

A party to whom money is owed

Goodwill

The intangible component of the value of a business, such as the business's reputation

Legal Entity

An individual or business that is responsible for it's actions and has the right to enter into contracts, assume and enforce obligations, and sue or be sued

NUANS

A computerized search that is conducted to find existing business names and trademarks

Newly upgraded automated name search

Personal liability

A business owner's personal responsibility for the debts and obligations of the business

Sole proprietor

The owner of a sole proprietorship

Sole proprietorship

A business that is owned and operated by one person

Trademark

A word, design, slogan, symbol, logo, or any other mark that identifies and distinguishes a person's goods and services from those of all others

Unincorporated business

A business that has not been incorporated