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Person who organizes and manages any business structure with considerable initiative and risk
 
Entrepreneur
 
Risk Manager
 
Finance Manager
 
Human Resource Manager
In a sole proprietorship, who is responsible for ALL the debts of the business?
 
Owner
 
Creditors
 
Debtors
 
Bank
This person will expect a cut of the profit of a franchise, you pay for using their name.
 
Franchisor
 
Franchise
 
Franchisee
 
Partner
Investors more willing to invest in Business Structure with established customers and suppliers
 
Franchise
 
Sole Proprietorship
 
Partnership
 
Corporation
The biggest disadvantage for this Business Structure is costs-initial buy in, support, training
 
Franchise
 
Sole Proprietorship
 
Partnership
 
Corporation
Business Structure that operates under the banner of an already established business is called
 
Franchise
 
Sole Proprietorship
 
Partnership
 
Corporation
LLC stands for 
 
Limited Liability Corporation
 
Little Local Company
 
Limited Liability Cormpany
 
Limited Liability and Control
Double taxation is a disadvantage of this Business Structure.
 
Corporation
 
Sole Proprietorship
 
Partnership
 
Franchise
Business Structure where shareholders are not personally responsible debts and obligations.
 
Corporation
 
Sole Proprietorship
 
Partnership
 
Franchise
Business Structure where one owner is responsible for the business debts of other owner (s).
 
Partnership
 
Sole Proprietorship
 
Corporation
 
Franchise
The simplest business structure to start where the owner receives all the profits. 
 
Sole Proprietorship
 
Partnership
 
Corporation
 
Franchise
Business Structure with joint ownership of the business by 2 or more people.
 
Partnership
 
Sole Proprietorship
 
Corporation
 
Franchise
Business Structure to start a new business without the risks of going out on their own.
 
Franchise
 
Sole Proprietorship
 
Partnership
 
Corporation
Business Structure where the owners are called stockholders or shareholders.
 
Corporation
 
Sole Proprietorship
 
Partnership
 
Franchise
Business Structure where there is one owner.
 
Sole Proprietorship
 
Partnership
 
Corporation
 
Franchise


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