| A | B |
|---|
| Business Plan | written startup guide |
| Sole Proprietorship | business owned & managed by 1 person |
| Proprietor | the owner-manager of a business |
| Creditors | those to whom money is owed |
| Partnership | business owned by 2 or more people |
| Disadvantage of Partnerhship | incompatibility of partners |
| Limited Partnership | restricts liability of partner to investment |
| Unlimited Financial Liability | personal assets subject to loss |
| Assets | things that a business owns |
| Liabilities | debts of a business |
| Net worth, capital or equity | an owner's value in a business |
