| A | B |
|---|
| corporation | legal entity separate from owners |
| sole proprietorship | owned by a single owner |
| general partnership | liability by partners for partners |
| S corporation | limited to 75 stockholders--profits flow directly to owner |
| LLP | limits liabilit of partners |
| C corporation | unlimited ownership; profits taxes twice |
| horizontal merger | merge with company like yours |
| a reason for merger | acquire product lines |
| result of merger | one company loses its identity |
| AFL-CIO | largest union |
