Voluntary association of two or more people that have combined their resources to carry on as coworkers for lawful business

(a)  

Those who actively engage in the business and is known to everyone as a partner

(a)  

One who takes no active part in the management of a partnership.But in return for investing capital has a right to share in profits

(a)  

One who takes no active part in the management of the partnership, but the public knows is a partner.Their liability is limited to the amount of their investment

(a)  

What type of liability can the plaintiffs sue all the partners or each one individually?This makes it possible for a plaintiff to collect the full amount of the judgment from all partners

(a)  

What is a business entity

(a)  

What type of corporation is formed to carry out a government function such as cities, state universities and public hospitals?

(a)  

What type of organization is formed to perform some non governmental functions.Such as nonprofit organizations that includes charities, education, religious Social or fraternal purposes?

(a)  

This type of corporation also does not distribute profits to members, elect officers or directors and does not issue stock

(a)  

Type of corporation that is organized to run a business and make money

(a)  

Type of corporation that does not pay corporate income tax.The owner's report the profit as income on their own personal income tax returns

(a)  

Type of corporation that has a very small number of people who own stock. And the stockholders are normally active in the management of the business

(a)  

Corporation called in the state where it is received its initial charter

(a)  

Corporation in all other states, other than the state where it is received.It's charter, although it can legally operate in those other states

(a)  

Person who takes the initial steps to form a corporation

(a)  

People who've achieved ownership in a stock corporation.By acquiring one or more shares of stock

(a)  

Minimum number of shares that must be present to conduct business at a stockholders meeting is called?

(a)  

Total number of shares both common and preferred issued by a company?

(a)  

Simplest and normal type of stock issued and entitles owner to vote

(a)  

Type of stock entitles the holder to a fixed dividend.Their payment takes priority over that of other stock dividends

(a)  

Business organization that is operated like a partnership but also has features of a corporation. The owners are called members, not partners

(a)  

This type of company is not subject to unlimited liability for each partner

(a)  

Type of taxation do partners in a limited liability corporation have?

(a)  

What type of property is land and everything attached to it

(a)  

Term for anything that is permanently attached to the land which cannot be removed without damaging the property such as buildings fences or walls

(a)  

Written title to real property

(a)  

What is a history of the real estate?That will reveal any problems such as unpaid taxes, outstanding mortgages, unpaid judgments or liens against the property?

(a)  

An agreement that allows a person to borrow money to purchase or refinance property

(a)  

Contract between the landlord and tenant is called?

(a)  

Movable property

(a)  

Property that consists of items that can be touched such as vehicles, furniture or household goods?

(a)  

Property that includes stocks, bonds, copyrights and patents

(a)  

Type of property that can be used either for business or personal use such as computer that you use for work

(a)  

Document showing legal ownership to personal property

(a)  

Legally shows that personal property has been transferred to a new owner

(a)  

What legally transfers the title of property from you to another person that is used to convey property as a gift from one family member to another or donate property

(a)  

If property is abandoned, you have the right to take (a)  

Contract that transfers risk of loss from a person to a company by paying a fee

(a)  

Who evaluates insurance applications and decides whether to provide insurance in the amounts and premiums

(a)  

In a life insurance policy, the person who will receive benefits is called?

(a)  

Term means that the policy holder does not want a loss to occur because it would be a financial loss for them

(a)  

Insurance policy stating that one is only insured.If they die in a specific time frame. No savings component and only pays the guaranteed death benefit

(a)  

Insurance policy that is guaranteed to remain in effect for the insurance entire life

(a)  

Insurance policy that offers long term protection But as a disadvantage, the premiums may increase

(a)  

Form of comprehensive insurance that offers coverage.In case of damage or injury caused by business operations or products or on its premises

(a)  

Extra liability insurance coverage that goes beyond the limits of the insured homeowners, auto or watercraft insurance and provides an additional layer of security to those who are at risk of being sued for damages

(a)