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Business Organizations

Horizontales
The individuals who are elected by the owners of a corporation to decide the goals and objectives for the organization.
The legal document issued by a state when creating a new corporation.
Individuals, other partnerships, and __________ may be partners in a general partnership.
The owner of a limited partnership that controls the partnership's operations.
A corporation's name must include one of the following words: ____________, corporation, or incorporated.
The legal steps necessary to form a particular business
Only one individual may own this type of business.
The contract wherein one party agrees to buy the ownership interest of another party.
One of the advantages of a corporation.
The statute that requires partners or a sole proprietorship to make a public filing of their identities if their business operates under a name that does not reveal their identities.
This can occur when there is an equal number of partners in a general partnership.
___________ the corporate veil. The legal doctrine used by courts to disregard the existence of a corporation.
The termination of a corporation or partnership.
The individuals appointed by directors of a corporation to conduct the day to day operations.
Verticales
The person designated and charged with day to day operations of a LLC.
An owner of a limited liability company.
A disadvantage of a a corporate form of organization.
An organization that is owned by only a few people.
_________ of Incorporation. The formal application for a corporate charter.
The owners of a corporation.
The basic law relating to partnerships.
One of the three traditional type of corporations
Shareholders of a S Corporation.
A business organization wherein all owners share profits and losses and all are jointly and severally liable for the organizations debts.
A portion of a corporation's earnings or profits distributed to its shareholders.
A business organization created by the issuance of a state charter that operates in the state that issued that charter.
The amount of control that partners have in a partnership (unless otherwise agreed).