Business Organizations

checks paid to stockholders, usually quarterly, representing a portion of corporate profits

unincorporated business owned and run by a single person who has rights to all profits

form of stock with no voting privileges; has a higher claim on corporate income and assets

Business by law a separate legal entity with all the rights & responsibilities of an individual

Creator and owner of the business model that is rented or leased by investors

most basic form of corporate ownership, generally with one vote per share for stockholders

Owner is personally & fully responsible for all losses and debts of a business applies partners

Person invests in business model of franchisor with his or her own money and start-up costs

business investment that involves renting or leasing another successful business model

written government approval to establish a corporation; includes company name address & purpose

formal contract to repay borrowed money and interest on the borrowed money at regular future

People who own a share or shares of stock in a corporation; same as shareholders

stock of goods held in reserve; includes finished goods waiting to be sold and raw materials

Business owned & operated by two people who share profits have unlimited liability for debts

Feature of taxation allow stockholder dividend to taxed both corporate profit & personal income

amount borrowed when getting a loan or issuing a bond

Situation firm legally ceases to exist the owner dies or new owner is added for proprietorships

payment made for use of borrowed money usually paid at periodic intervals for long-term bonds

form of partnership where all partners are jointly responsible for management and debts

Certificate of ownership in a corporation; can be either common or preferred stock