Buisness Organizations


Other Vocabulary

limited liability-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.

stock-the capital raised by a business or corporation through the issue and subscription of shares.

dividend-a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).

board of directors-a body of elected or appointed members who jointly oversee the activities of a company or organization.

unlimited liability-the legal obligations general partners and sole proprietors because they are liable for all business debts if the business can't pay its liabilities.

Which is the most common type of buisness ?

Sole Proprietorships are the most common because they are on of the easiest to start and give the owner the most freedom.