A business owned by a group of people and authorized by the state in which is located to act as...

Business Ownership<3Alexis Ortiz & Pablo Umana

Corporation.

A business owned by a group of people and authorized by the state in which is located to act as though it was a single person.

Limited Partnership

Restricts the liability of a partner for the amount of the partners investment.

Joint Venture

Two or more business that agree to provide a good service, sharing the cost of doing business and also the profits.

Franchise

A legal agreement between a company and a distributor to sell a product or service under special conditions.

Non-Profit Corporation

An organization that does not pay taxes and does not exist to make a profit.

Cooperative

A business owned an operated by its user-members for the purpose of supplying them sells with goods and services.

S-Corporation

Corporations that elect to pass corporate income, losses, deductions and credit through to their shareholders for federal tax purposes.

Stock

shares of ownership in a corporation

Intermediary

business that acts as a go-between in moving goods from producers to consumers, such as wholesalers, retailers, and distributors

Sole proprietorship

a business owned by only one person

Processors

businesses that change raw goods into more finished products

Manufacturers

businesses that make finished products out of raw processed goods

Unlimited liability

full legal and financial responsibility for a business

Limited liability

financial responsibility of business owners only for what they invested in a business

Producer

a business that gathers raw products in their natural state

Wholesaler

a type of business that buys goods in large amounts and resells them to other businesses in smaller lots

Retailer

a business that sells goods or services directly to the public