Forms of Business Organization

5. a business that is jointly owned by two or more persons.
7. a check that transfers a portion of the corporate earnings to each stockholder.
9. the simplest form of partnership
10. a business owned and run by a single individual
12. represents nonvoting ownership shares of the corporation.
13. a government document that gives permission to create a corporation.
16. a stock of finished goods and parts in reserve
17. this means the firm legally ceases to exist when the owner dies, quits, or sells the business.
18. a form of business organization, recognized by law as a seperate legal entity with all the rights of an individual.
19. the actual owner of the business that lets other investors rent or lease its name, business profile, and way of doing business.

1. a temporary business investment that involves renting or leasing another firm's successful business model.
2. the amount borrowed.
3. represents basic ownership of a corporation
4. atleast one parter is not active in the daily running of the business and has limited responsibility for the debts and obligations of the business.
6. the price paid for the use of the lender's money
8. this means that the owner is personally and fully responsible for all the losses and debts of the business.
11. the investor who rents or leases the business model
14. a written promise to repay the amount borrowed at a later date.
15. is when the same income or asset is taxed twice.