Relier Pairs Forms of Business OrganizationVersion en ligne Vocabulary terms par carlos sosa 1 partnership 2 principal 3 common stock 4 inventory 5 interest 6 stock 7 dividend 8 Sole Proprietorship 9 corporation 10 general partnership 11 unlimited liability 12 stockholders or shareholder 13 limited partnership 14 limited life 15 preferred stock 16 double taxation 17 Bond 18 charter unincorporated business owned and operated by two or more share the profits and responsibility for debts. payment made for the use of borrowed money 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. 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 certificate of ownership in a corporation written government approval to establish a corporation 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 from of corporate ownership without vote, in which stockholders get their investments back before common stockholders business owned and run by a single person who has the rights to all profits and unlimited liability for all debts of the firm form of partnership where all partners are equally responsible for management and debts form of business organization recognized by law as a separate legal entity most frequently used form of corporate ownership, with one vote per share for stockholder taxation of dividends both as corporate profit and as personal income
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