Business organization
AB
An establishment formed to lug on commercial enterprise.

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Sole proprietorshipA business owned and managed by a single individual. The oldest and also most common kind of organization organization.
LiabilityThe legitimate bound duty to pay debts.
Lack that permanenceA sole proprietorship ends v the life the the owner.
PartnershipA company organization owned by 2 or an ext persons.
General partnershipMost common form of partnership wherein both partners share responsibility and also liability.
Limited partnershipOnly one partner in a partnership has unlimited an individual liability.
Unlimited liabilityIf a business fails, the owner has to sell personal property to pay off debts.
Limited liability PartnershipAll partner have minimal liability, therefore they execute not have personal liability for debt.
AssetsMoney and also other valuables belonging come an separation, personal, instance or business.
CorporationA legal entity owned by individual stockholders.
StockA certificate of ownership in a corporation.
Closely organized corporationCorportation that problems stock to just a couple of people.
Publicly held corporationCorporation the sells stock on the open market.
BondA officially contract promise to repay obtained money through interest.
Certificate that IncorporationLicense to kind a corporation issued by the state government.
ConglomerateBusiness mix merging much more than three businesses the make unrelated products.
Horizontal mergerThe combination of two or more firms competing in the same sector for the same great or service.
Vertical mergerThe mix of 2 or much more firms involved in different stages of creating the same great or service.
DividendThe protion of corporate revenues paid out to stockholders.
Multinational coporation, group ((MNC)Large corporation the produces and also sells that goods and also services transparent the world.
Business franchiseA semi-independent service that pays fees to a parent firm in return because that the exclusive best to sell a details product or company in a particular area.
RoyaltyShare of earnings provided as payment come franchiser or producer that a an excellent or service.
CooperativeA organization organization owned and operated through a group of people for their common benefit.

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Non-profit organizationInstitution that functions much like a organization but walk not run for the objective of do a profit.
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