| a business owned and operated by a single person | | |
| the owner is financially responsible for any and all problems related to business | | |
| the money needed to run a business or enable it to grow larger | | |
| a business owned by two or more people | | |
| this document identifies how much money each will contribute and what role each will play in the business | | |
| a business recongized by law that has many of the rights and responsibilites of an individual | | |
| a government document granting permission to organize | | |
| ownership shares of a corporation | | |
| the people who buy the stock | | |
| these people act on behalf of a company's stockholders; they hire managers to run the corporation on a daily basis | | |
| only the corporation, not the owners, is responsible for the debts of a the corporation | | |
| paying taxes twice on corporate profits | | |
| a voluntary association of people formed to carry on some kind of economic activity that serves to benefit its members | | |