an establishment formed to carry on commercial enterprise. It is profit motivated.

a business owned and managed by a single individual.

authorization to start a business issued by the local government.

law in a city or town that designates separate areas for residency and for business.

a legal obligation to pay money to another party.

payment other than wages or salaries which could include sick pay, paid vacation.

a business organization owned by two or more persons who agree on a specific division of responsibilities and profits

partnership in which partners share equally in both responsibility and liability

partnership in which only one partner is required to be a general partner

a type of partnership in which all partners are limited partners

a partnership agreement

act ordering common ownership interests, profit and loss sharing, and shared management responsibilities in a partnership

money and other valuables belonging to an individual or business

a business owned by stockholders who share in its profits but are not personally responsible for its debts

a certificate documenting the shareholder's ownership in the corporation