| A | B |
|---|
| Board of Directors | A group of people elected by shareholders to guide a corporation. |
| Certificate of Incorporation | A document, generally issued by a state government, giving permission to start a corporation. |
| Cooperative | A business that is owned by the members it serves and is managed in their interest. |
| Corporation | A business made up of a number of owners but authorized by law to act as a single person. |
| Dividend | The part of the profits of a corporation that each shareholder receives. |
| Franchise | A written contract granting permission to sell someone else's product or service in a prescribed manner, over a certain period of time, and in a specified area. |
| Franchisee | The person or group of people who have received permission from a parent company to sell its products or services. |
| Franchisor | The parent company that grants permission to a person or group to sell its products or services. |
| Municipal corporation | An organization that provides services for citizens with revenue from their taxes and that does not have earning a profit as a goal. |
| Partnership | An association of two or more people operating a business as co-owners and sharing profits or losses according to a witten agreement. |
| Shareholder | A person who owns stock in a corporation. |
| Sole proprietorship | A business owned by one person. |
