Name three disadvantages of partnerships.

A legal entity, distinct from any individual persons, that has the power to own property and conduct business.

A measure of how easily and quickly an asset such as corporate stock can be converted into cash by selling it.

Corporations seeking "S" status must meet certain criteria, including a maximum of _________ investors.

Corporation that owns one or more subsidiaries.

A group of professionals elected by shareholders as their representatives, with responsibility for the overall direction of the company

The highest ranking officer of an organization

An action taken by two companies to combine as a single entity

A small business is a company that is independently owned and operated and employs fewer than _______ employees.

Factors contributing to the increase in the number of small businesses

A document that summarizes a proposed business venture, its goals and plans for achieving those goals