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11 Cards in this Set
- Front
- Back
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A partnership.... |
is a relationship in which two or more persons carry on business with a view to profit |
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Master Business License (MBL) |
The Ministry of Government Services issues this upon the registration of a sole proprietorship, partnership, limited partnership or business name. it can be used as proof of business name registration. |
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Not For Profit Charitable Corporations |
must be registered with Canada Revenue Agency in order to issue tax receipts to individuals who donate funds to their organization. |
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Joint Venture |
A commercial business activity, typically created for a specific purpose or time period, and carried on by two or more parties for a common purpose in compliance with established terms and conditions is a ______________________. |
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Limited Partnership |
is a partnership in which there are one or more general partners and one or more limited partners |
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Co-operative |
is a type of member owned organization in which individuals work together for a common purpose or benefit. |
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LLP |
is a partnership in which each partner is jointly and severely liable for the debts and obligations of the partnership except for liabilities arising from the professional negligence of other partners |
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Franchise |
is an arrangement wherein one party grants to another party the right to use a trademark or trade name in connection with the supply of goods or services, and requires that the party to whom the rights has been granted conduct its business in accordance with specific operating methods. |
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License |
a contractual arrangement whereby the owner of certain property such as a trademark, copyright, or patent |
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Sole proprietorship |
the carrying on of business for profit by an individual for profit by an individual without other owners. |
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Unincorporated Associations |
an association of persons carrying on a not for profit activity without the protection of incorporation. |
