the ownership structure of a firm or firm
business organization
In which service organization does the owner have actually all the responsibility?Sole Proprietorship
This is someone that starts their own business.

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These are legislations in a city that designate particular areas to be for residential and also others because that business.Zoning Laws
What happens to a sole proprietorship if the owner overcome away and no one is left to take over?It fails and also goes under
What are service organizations owned by two or an ext people?partnerships
This type of cooperation is wherein all partner share financial responsibility equally.General Partnership
This cooperation is where only one human has full financial responsibility and also the various other partners just invest your money.Limited Partnership
In a limited partnership exactly how many people in the partnership have unlimited an individual liability?One-the general partner
What space the benefits of a partnership?Easy begin up, gaue won Impact, common Decision Making
What need to all partnerships have actually that spells the end the guidelines and rules because that the certain or company?Articles of Partnership
What room the disadvantages of a partnership?unlimited liability, an individual conflict, lack of performance
This is a semi-independent firm that pays royalties come a parental companyFranchise
: a legitimate entity, or being, owned by separation, personal, instance stockholders, every of who has restricted liability because that the firm’s debtscorporation
This is a certificate of property in a corporationStock
Type of coporation, group that offers stock to just a couple of member, aka: family.

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Closed corporation
Corporation that sells stock on the open marketPublic Corporation
What room the benefits of stockholders?Limited liability, provide Flexibility
a official contract approve by a corporation or other entity that consists of a promise to repay borrowed money v interest at resolved intervalsbond
This is a license to form a corporation issued by the state governmentcertificate that incorporation
: the section of corporate earnings paid the end to stockholdersdividend
a kind of organization with limited liability for the owners, with the advantage of no paying corporateLimited legal responsibility corporation
This is the combination of 2 firms competing in the same market with the same good or servicehorizontal merger
This is 2 or more firms involved in various stages of creating the same an excellent or service.Vertical Merger
a business mix merging much more than three businesses that create unrelated assets or servicesConglomerate
a huge corporation the produces and also sells that is goods and services in an ext than one countryMultinational corporation
A company organization owned and also operated by a team of individuals for their shared benefitcooperative organizations
What is a benefit of a participating organization?They don't need to pay taxes
Retail outlet owned and operated by consumer that sells merchandise to members at diminished pricesconsumer co-ops
What is an instance of a company co-op?Credit Unions
Agricultural marketing to help members sell their productsProducer Co-ops
What does a producer co-op permit farmers come do?farm rather than sell
Operates favor a organization but go not work for the objective of generating profitNon-Profit Organization
What room non-profit institutions exempt from?Income Tax
What are instances of non-profit organizationsProfessional organizations, Business and trade associations, job unions