| A | B |
|---|
| Partnership | A form of business with two or more owners. Taxes are passed through to the owners. |
| Sole proprietorship | A form of business with a single owner. Taxes are passed through to the owner. |
| Corporation | A form of business with many owners and limited liability for owners. It is taxed as its own entity. |
| Gross Lease | A lease where the stated rent covers all costs. |
| Net Lease | A lease where some or many costs to the tenant are not included in the base rent. These extra costs can amount to a large part of the total payment. |
| Pass Through Entity | Any form of business where the taxes are paid by the owners on their personal tax returns. |
| Percentage Lease | A lease where the tenant pays a fixed amount plus a percentage of revenue. |
| Differentiate | To distinguish your business from competitors by offering novel or distinct goods, services, or prices. |
| Price | The amount you charge customers for your goods or services. |
| Product | A tangible (physical) item that you sell to customers. |
| SWOT | A type of competitive analysis focusing on strengths, weaknesses, opportunities, and threats. |
| Service | An intangible (nonphysical) offering that you provide to customers. |
