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Card 6

Front

The process of forming a limted liability company

Back

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Card 7

Front

Wealthy individuals who invest money into other entrepreneurs businesses

Back

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Card 8

Front

The owners of a business are personally responsible for any debts the business has

Back

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Card 9

Front

Any debts the business is paid from the businesses money not the owners

Back

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Card 10

Front

A business that is owned and run by 1 person

Back

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Card 11

Front

A legal document drawn up between the partners of a business stating the reponsibilities of each partner and how the business wil operate

Back

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Card 12

Front

Ownership split between 2-20 partners is a..

Back

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Card 13

Front

Shareholders in a business who have been elected by other shareholders in the company to run it on their behalf

Back

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Card 14

Front

A yearly meeting that all shareholders are invited to. Directors will explain how the business has performance during last year, and directors for next year will be elected

Back

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Card 15

Front

When a company allows other entrepreneurs to set a business using their name and selling their products or service

Back

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