| A | B |
|---|
| Entrepreneur | A risk-taker in search of profits. |
| Sole Proprietorship | Business with one owner. |
| Partnership | Business with (2) or more owners. |
| Corporation | Business that is authorized by law to act as a legal person. |
| 70% | The percentage of businesses that are sole proprietorships. |
| Law firms | Many are partnerships. |
| Investment | Owner liability is limited to this. |
| Stock | You can raise large amts of $ by selling this. |
| Government | A corporation is limited by these regulations. |
| Easy | In a Sole Prop., decision making is ? |
| Personal satisfaction | This is one advantage of a sole proprietorship. |
| Difficult | A corporation is more ? to start. |
| Circuit City | Is an example of a corporation. |
| Marks & Harrison, Attorneys | An example of a partnership. |
| Penelope's | An example of a sole Proprietorship. |
