| A | B |
|---|
| board of directors | ruling body of a corporation |
| capital stock | shares of ownership of a corporation |
| charter | official document granted by state giving power to run a corporation |
| close corporation | corporation that does not have shares of stock for public sale |
| cooperative | user~member-owned~operated business supplying themselves with goods~services |
| corporation | business owned by group authorized by state located to act as one person |
| dividends | profits distributed to stockholders on a per-share basis |
| foreign corporation | corporation doing business in a state from which it did not receive its charter |
| joint venture | two or more businesses that agree to make sell a good~service |
| nonprofit corporation | organization that does not pay taxes and does not exist to make profit |
| officers | top executives who are hired to manage the business |
| open corporation | corporation that offers its shares of stock for public sale |
| proxy | written authorization for someone to vote in behalf of the person signing the proxy |
| S-corporation | special type of corporation that is taxed as if it were a partnership |
| shares | equal parts of the division of ownership of a corporation |
| stockholder | owners of a corporation |
| prospectus | formal summary and features of the corporation and its stock |
| virtual corporation | network of companies that form alliances to take advantage of conditions |
| limited liability company | speical type of corporation that is taxed like a proprietorship or partnership |
