IT 322

Its a business arrangement where two or more parties agree to pool their resources for a specific project or undertaking

People of organization that own shares of company and have partial ownership of it

Refer to the legal structure of an organization that is recognized in a given jurisdiction

Type of business owned and run by one person where there is no legal separation between the owner and the business

A business structure that is recognized by the state as a legal entity separate from its owner (also known as shareholders)

Three (3) types of partnership

• joint venture

• limited

• limited liability

• corporation

• general

A formal arrangement by two or more parties to manage and operate a business and share its profits

Group of people who represent the interest of a company's shareholders.