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Business Structures

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  • Person who organizes and manages any business structure with considerable initiative and risk
    Finance Manager
    Entrepreneur
    Human Resource Manager
    Risk Manager
  • The simplest business structure to start where the owner receives all the profits. 
    Corporation
    Sole Proprietorship
    Partnership
    Franchise
  • Business Structure where there is one owner.
    Sole Proprietorship
    Partnership
    Franchise
    Corporation
  • This person will expect a cut of the profit of a franchise, you pay for using their name.
    Franchisor
    Partner
    Franchise
    Franchisee
  • Business Structure that operates under the banner of an already established business is called
    Sole Proprietorship
    Partnership
    Corporation
    Franchise
  • Business Structure to start a new business without the risks of going out on their own.
    Corporation
    Franchise
    Partnership
    Sole Proprietorship
  • Business Structure where shareholders are not personally responsible debts and obligations.
    Franchise
    Corporation
    Sole Proprietorship
    Partnership
  • The biggest disadvantage for this Business Structure is costs-initial buy in, support, training
    Corporation
    Sole Proprietorship
    Partnership
    Franchise
  • Investors more willing to invest in Business Structure with established customers and suppliers
    Partnership
    Corporation
    Sole Proprietorship
    Franchise
  • Double taxation is a disadvantage of this Business Structure.
    Corporation
    Sole Proprietorship
    Franchise
    Partnership
  • LLC stands for 
    Limited Liability and Control
    Little Local Company
    Limited Liability Cormpany
    Limited Liability Corporation
  • Business Structure where the owners are called stockholders or shareholders.
    Partnership
    Franchise
    Sole Proprietorship
    Corporation
  • In a sole proprietorship, who is responsible for ALL the debts of the business?
    Creditors
    Bank
    Owner
    Debtors
  • Business Structure with joint ownership of the business by 2 or more people.
    Franchise
    Partnership
    Sole Proprietorship
    Corporation
  • Business Structure where one owner is responsible for the business debts of other owner (s).
    Franchise
    Corporation
    Sole Proprietorship
    Partnership
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