Relier Pairs Forms of Business OrganizationVersion en ligne Vocabulary terms par carlos sosa 1 principal 2 inventory 3 preferred stock 4 interest 5 stockholders or shareholder 6 Sole Proprietorship 7 general partnership 8 Bond 9 double taxation 10 limited life 11 corporation 12 charter 13 stock 14 common stock 15 partnership 16 limited partnership 17 unlimited liability 18 dividend formal contract to repay borrowed money with interest form of partnership where one or more partners are not active in the daily running of the business and have limited responsibility for debts taxation of dividends both as corporate profit and as personal income form of partnership where all partners are equally responsible for management and debts payment made for the use of borrowed money written government approval to establish a corporation certificate of ownership in a corporation form of business organization recognized by law as a separate legal entity check that transfer a portion of the company profits to stockholders, usually quarterly situation in which a firm cease to exist when an owner dies, quits, or sells the business. most frequently used form of corporate ownership, with one vote per share for stockholder business owned and run by a single person who has the rights to all profits and unlimited liability for all debts of the firm from of corporate ownership without vote, in which stockholders get their investments back before common stockholders stock of finished goods and parts held in reserve requirement that an owner is personally and fully responsible for all losses and debts of business amount borrowed when getting a loan or issuing a bond people who own a share of stock in a corporation unincorporated business owned and operated by two or more share the profits and responsibility for debts.