| A | B |
|---|
| Sole Proprietorship | business owned and operated by one person |
| Partnership | business owned and operated by two or more people that have signed a contractual agreement |
| Corporation | business has many owners that buy shares of stock within the company |
| Franchise | A contractual agreement to sell a company's products and/or services in a specific area |
| Limited Liability | Owner(s) are only responsible for a specific amount of what happens with business |
| Unlimited Liability | Owner(s) take full responsibility for what goes on within the company |
| stockholder | An individual who owns a share of stock in a corporation |
| stock | a share of ownership within a company |
