| A | B |
|---|
| business plan | a written guide that helps the entepreneur during the design and startup phases of the business. |
| sole proprietorship | a business owned and managed by one person. |
| proprietor | the owner-manager of a business |
| creditors | those to whom money is owed. |
| partnership | a business owned by two or more persons |
| unlimited finavcial liability | indicates that partners are responsible for their share of the business debts. |
| limited partnership | restricts the liablility of a partner to the amount of the partner's investment |
| corporation | a business owned by a group of people and authorized by the state in which it is located to act as though it were a single person |
| charter | certificate of incorporation |
| charter | an official document granted by a stat giving power to run a corporation |
| stockholders | shareholders |
| stockholders | owners of a corporation |
| shares | equal parts of the division of ownership of a corporation |
| dividends | profits distributed to stockholders on aper share basis |
| board of directors | directors or board |
| board of directors | ruling body of a corporation |
| officers | top executive who are hired to manage the business |
| capital stock | the general term applied to the sahres of ownership of a corporation |
| proxy | a written authorization for someone to vote in behalf of the person signing the proxy |
| close corporation | closely held corporation |
| close corporation | a corporation who does nto offer its shares to the public |
| open corporation | public corporation |
| open corporation | a corporation tha offers its shares of stock to the public for sale |
| foreign corporation | a corporation doing business ina state from which it did not receive its charter |
| joint venture | two or more businesses that agree to make and/or sell a good or service |
| S-corporation | a special type of corporation that is taxed as if it were a partnership |
| non profit corporation | an organizationthat does not pay taxes and does not exist to make a profit. |
| cooperative | a business owned and operated by its user-members for the purpose of supplying themselves with goods and services |
