Kamron Peterson & Ronald Christian
- is the simplest business form under which one can operate a business.
- Ex: Lemonade Stand
- is the relationship existing between two or more persons who join to carry on a trade or business.
- Ex: Albany Mall
- a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
- Ex: Walmart, Jordan, Adidas, and Nike.
is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership.
situation in which a business owner is responsible for all the business's.
shares of ownership in a corporation.
a shareholder's share of corporations profit.
Board of Directors
people who are elected by shareholders to run a corporation.