A benefit of this form of business is that it is easier to raise capital and it is taxed at a lower rate.

• LLC: limited liability company

• sole propietorship

• corporation

• partnership

On-going % of revenue is called this.

• royalty fees

• franchise fee

• advertising fee

• dividend

A benefit of this form of business is that the product and processes have already been done and you get training and support.

• sole proprietorship

• franchise

• partnership

• corporation

A person or organization purchasing a franchise.

• stockholder

• corporation

• franchisor

• franchisee

A person or organization granting a franchise.

• stockholder

• corporation

• franchisor

• franchisee

A con of this form of business is that it costs more to start and maintain and is subject to more paperwork and regulation.

• franchise

• corporation

• sole proprietorship

• partnership

A person who bears the economic uncertainties and risks of starting and running a new business to generate profit and economic value.

• stockholder

• entrepreneur

• CEO

• worker

This type of business is similar to a partnership but has the benefited of reducing liability.

• Sole Proprietorship

• LLC: Limited Liability Company

• Franchise

• Not for Profit

In this form of business one person receives all benefits, profits, and income.

• Sole Proprietorship

• LLC: Limited Liability Company

• Franchise

• Partnership

Something valuable or useful; cash, product, equipment, etc.

• liability or debt

• capital or asset

• dividend

• royalty fee