| A | B |
|---|
| Common Stock | Gives the owner the right to vote on business matters |
| Cooperative | An organization in which the profits and losses are shared by all members |
| Corporation | A legal classification with authority to act and have liability separate from its owners |
| Dividends | Money paid to shareholder |
| Franchise | A contract in which a franchisor sells to another business the right to use its name and sell its products |
| General Partnership | Association of two or more people who, as owners, manage a business together |
| Limited Partnership | Special type of partnership in which some partners are not completely liable for their partners' debts |
| Parent Company | The franchisor; prepackages all the business planning, management training and assistance with advertising, selling and day-to-day operations |
| Sole Proprietorship | A professional in your own practice; one person is the owner and manager |
| Stock | Shares in the ownership of the corporation |
| Subchapter C | Regular corporation which sells stocks to investors |
| Subchapter S | Small business or family corporation. |
| Subchapter T | Type of corporation involving cooperatives |
