| A | B |
|---|
| Two or more persons to carry on as co-owners of a business for a profit | partnership |
| Each stock equals one _______ at the shareholder meeting | vote |
| Type of liability in which you can lose all your assets | unlimited |
| Partnership formed by the way two or more people conduct their business | by proof of existence |
| Entity with the legal authority to act as a single person | corporation |
| Partner has an active role, but unknown existence | secret |
| Grants permission to sells its products and services as a business | Franchise |
| Business owned by one person | sole proprietorship |
| Partnership formed after they agree to conditions in a contract | by agreement |
| Type of corporation that benefits the public and receives a tax break | non-profit |
| Abbreviation for a partnership with limited liability | LLP |
| Partner has no role, but is known to public | silent |
| Type of taxation on a corporation | double |
| Partner plays no role and is not known to public | dormant |
| __________ of incorporation | articles |
| Partner has an active role, unlimited liability | general |
| Formed by a group to gain bargaining power | cooperative |
| __________venture is a special project for a limited time | joint |
| Type of liability in which you only lose your initial investment in the company | limited |
