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Business Ownership (3rd/ 5th GB)

Horizontales
The right to sell another company's product or service
The business that has paid for the right to use the franchisor's business plan
The owner's responsibility for all debts--even if it's more than they put in
Money paid up front by a franchisee for the right to have a franchise
A contract that outlines the contributions and duties of everyone in a partnership
A business legally regarded as a separate entity-separate from the people who own it
Verticales
A business owned and operated by it's members (usually farmers)
A business owned by one person
The state issued legal document that creates a corporation
Owner can only lose what they invested
A person who starts a business
The company that owns the brand in franchising
A business organization where two or more owners share responsibility