| A | B |
|---|
| partnership | when two or more persons carry on as co-owners of a business for a profit |
| vote | each stock equals one |
| unlimited | type of liability in which you can lose all your assets |
| proof of existence | 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 active role, but unknown existence |
| franchise | when a company grants permission to sell products and services as a business |
| sole proprietorship | business owned by one person |
| by agreement | partenrship formed after they agree to conditions of a contract |
| nonprofit | type of corporation that benefits the public and receives a tax break |
| LLP | abbreviation for a partnership with limited liability |
| silent | partner has no role, but is known to the public |
| double | type of taxation on a corporatipon |
| limited | type of liability in which you only lose you 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 a group to gain bargaining power |
| joint | ...venture ia a special project for a limited time |
