8-1 Business Organization

Money used to start or expand a business

• Capital

• Profit

• Shares

• Proprietor

A business owned by one person

• Sole Proprietorship

• Partnership

• Corporation

• Shareholders

Money left after all expenses are paid

• Debt

• Credit

• Profit

• Captial

The owner is responsible for any losses

• Personally Liable

• Limited Liability

• Proprietorship

• Corporation

Business owned by a group of people, called partners

• Partnership

• Proprietorship

• Corporation

• Liability

A business organization that can be owned by one person or a group of people

• Partnership

• Proprietorship

• Corporation

• Liability

Each owner who invests money in the corporation receives ___________ in the corporation.

Each owner cannot lose more than the value of his or her share of the business.

• Limited Liability

• Personally Liable

• Profit

• Debt

When all of the shares are owned solely by a few individuals and are not available for sale to the public.

• Private Corporation

• Public Corporation

• Corporation

• Business

When anyone can buy stock in a corporation

• Private Corporation

• Public Corporation

• Shareholder

• Corporation