| A | B |
|---|
| partnership | two or more persons to carry on as co-owners of a businsess for a profit |
| vote | each stock equals one _____ at a shareholder meeting |
| unlimited | type of liability in which you can lose all your assessts |
| by proof of esistence | formed by the way two or more people conduct their business |
| corporation | entity with the legal authority to act as a single person |
| secret | partner has an actrive role, but unkown existence |
| franchise | grants permission to sell its products and services as a business |
| sole proprietorship | business owned by one person |
| by agreement | partnership formed after they agree to conditions in a contract |
| nonprofit | type of corporation that benefits the public and receives a tax break |
| LLP | abbreviation for partnership with limited liability |
| silent | partner has no role, but is known to the public |
| double | type of taxation to a corporation |
| limited | type of liability in which you only lose your initial investment in the company |
| dormant | partner plays no role and is not known to the public |
| articles | _________of incorporation |
| general | partner has an active role, unlimited liability |
| cooperative | formed by group to gain bargaining power |
| joint | ________ venture is a special project for a limited time |
