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Related Flashcards
Related Topics
Cards In This Set
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Proprietorship
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Business that has no legal seperate existence from owner.
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Partnership
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Type of business where two owners share profits & losses.
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General partnership
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All owners share in managing business and liabilities.
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Limited partnership
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General partnerships w/ one or more limited partners
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Corporation
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Group of people act as business identity.
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Articles of incorporation
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Legal document the outlines general nature of corporation, number stocks that can be issued, and primary owners.
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Working capital
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Money required to keep business going
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Equity financing
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Selling stock to raise money
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Debt financing
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Money you must pay back
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Business plan
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Plan that sets out strategy for business
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Marketing plan
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Plan that helps you understand the market your business is entering.
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Operational plans
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Work plans
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Project frameworks
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Plans for specific project
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Auditing
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Examination of financial records
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Debit
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Entry in a ledger showing a debt or expense
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