New Flashcards
0
Q
Sole proprietorship
A
Business owned by one person
1
Q
Capital
A
Money used to start a business
2
Q
Personally liable
A
Business owner who is liable for the business debts whether or not there is a private
3
Q
Partnership
A
Business that is owned by more than one person, more than one is liable
4
Q
Corporation
A
Business owned by an organization resulting in limited liability for people
5
Q
Limited liability
A
Not being able to lose any more value than the owned shares
6
Q
Public corporation
A
A corporation wher anyone can buy a stock in the business
7
Q
Shares of stock
A
Referential a share of stock in the corporation
