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  1. B Corporations
  2. Partnership
  3. Corporation
  4. Disadvantaged of Family-owned Francieses
  5. Levels of Corporation Management
  6. Who franchises more?
  7. Advantages of Partnership
  8. Disadvantages of franchising
  9. Uniform Partnership Act
  10. Cities with the most Minority-Run Firms
  11. Disadvantages of sole proprietors
  12. Vertical merger
  13. Advantages of sole proprietors
  14. Cooperative (Co-op)
  15. S Corporation
  16. How to Qualify to be an S Corporation
  17. A leveraged buyout (LBO)
  18. Corporation tax rate
  19. Limited Partnership
  20. Qualifications of S Corporations
  21. Double taxation
  22. Conglomerate Merger
  23. Master limited partnership
  24. Liability
  25. A general partner
  26. A limited partner
  27. Sole Proprietorship Qualities
  28. Limited liability
  29. Limited liability partnership (LLP)
  30. LLC's disadvantages
  31. Three types of partnerships
  32. Acquisition
  33. Corporation Qualities
  34. Who can incorporate?
  35. Three Major Forms of Business Ownership
  36. General Partnership
  37. What is the largest form of a company?
  38. Who generates the most revenue?
  39. Disadvantages of Partnership
  40. What is the most targeted place for U.S franchises?
  41. Limited Liability Company (LLC)
  42. Merger
  43. A franchise agreement
  44. Advantages of Corporations
  45. What makes franchising successful in global markets?
  46. Conventional (Sub-Chapter C) Corporation
  47. A horizontal merger
  48. Partnership Qualities
  49. LLC's advantages
  50. Disadvantage of Corporations
  51. Advantages of franchising
  52. Advantages of Family-owned Franchieses
  53. What decides if a franchise wants to open online or a store?
  54. Sole Proprietorship
  1. a a state-chartered legal entity with authority to act and have liability separate from owners--its stockholders
  2. b 1. Management and Marketing assistance
    2. Personal ownership
    3. Nationally recognized name
    4. Financial Advice and Assistance
    5. Lower failure rate
  3. c is an owner (partner) who has unlimited liability and is active managing the firm
  4. d 35%
  5. e joins two firms operating in different stages of related businesses
  6. f Anyone
  7. g Looks like a corporation in that it acts like a corporation and is traded on the stock exchanges like a corporation, but it is taxed like a partnership and thus avoids the corporate income tax
  8. h 1. Relief of stress from commuting
    2. Extra time for family activities
    3. Low overhead expenses
  9. i The result of two firms joining together
  10. j where someone with the good idea (the franchisor) sells the rights to use the businesses name and sell a product or service (the franchise) to others (the franchisees) in a given territory
  11. k the limited partners liability for the debts of the business is limited to the amount they put into the company; their personal assets are not at risk
  12. l 1. General partnership
    2. Limited partnership
    3. Master limited partnership
  13. m Judged on how they meet their own set of socially or environmentally beneficial goals
  14. n 1. More financial resources
    2. Shared management and pooled/ complementary skills and knowledge
    3. Longer survival
    4. No special taxes
  15. o 1. Atlanta, GA
    2. Baltimore, MD
    3. Nashville, TN
    4. Houston, TX
    5. Miami - Ft. Lauderdale, FL
  16. p A legal form of business with two or more owners
  17. q 1. One owner
    2. Ease of formation
    3. Business dies when you die/retire
    4. Unlimited Liability
    5. Taxed at the individual tax rate
  18. r 1. Unlimited liability
    2. Limited financial resources
    3. Management difficulties
    4. Overwhelming time commitment
    5. Few fringe benefits ( No paid health insurance, vacations, etc)
    6. Limited growth
    7. Limited life span ( Business no longer exists once the sole proprietors dies or retires)
  19. s 1. Unlimited liability
    2. Division of profits
    3. Disagreements amongst partners
    4. Difficulty of termenation
  20. t Canada
  21. u Women; own about 21% and 45% are co-owned by males
  22. v A business that is owned, and usually managed by one person
  23. w Sole Proprietorship
  24. x All owners sharing in operating the business and in assuming liability for the businesses debts
  25. y unites firms in completely unrelated industries in order to diversify business operations and investments
  26. z 1. Initial cost
    2. Extensive paperwork
    3. Double taxation
    4. Two tax returns
    5. Size (can become to inflexible and tied down)
    6. Difficulty of termination
    7. Possible conflict with stockholders and board of directors
  27. aa One company's purchase of the property and obligations of another company
  28. ab Corporation tax + Individual tax rate for the owners
  29. ac Owned and controlled by the people who use it--producers, consumers or workers
  30. ad 1. Large start-up costs
    2. Shared profit
    3. Management regulation
    4. Coattail effects ( What happens to your franchise if other franchises fail?)
    5. Restricting on selling
    6. Fraudulent franchisers (Not all are big like McDonald's and Subway--"you get what you payed for")
  31. ae one or more general partners and one or more limited partners
  32. af Limits partners risks of losing their personal assets to the outcome of only their own acts and omissions and those of people under their supervision
  33. ag Similar to an S corporation, but without a special eligibility requirements
  34. ah 1. Limited Liability
    2. Choice of taxation
    3. Flexible ownership rules
    4. Flexible distributions of profits and losses
    5. Operating flexibility
  35. ai is an attempt by employees, management or a group of private investors to buy out the stockholders in a company, primarily by borrowing the necessary funds
  36. aj 1. Have no more than 100 shareholders
    2. Have shareholders that are individuals or estates, and who are citizens or permanent residents of the US
    3. Have only one class of stock
    4. Derive no more than 25% of income from passive resources
  37. ak Corporations
  38. al an owner who invests money in the business but does not have any management responsibility or liability beyond his or her investment
  39. am 1. Two owners minimum (More than one)
    2. Ease of formation--not as easy as proprietorship because you must find a partner
    3. When a partner dies, the business dies
    4. Unlimited & Limited Liability (Only have up to the investment that they made in the company)
    5. Taxed at the individual partners tax rate
  40. an 1. No stock
    2. Limited life span
    3. Fewer incentives
    4. Taxes
    5. Paperwork
  41. ao joins two firms in the same industry and allows them to diversify or expand their products
  42. ap 1. Limited Liability
    2. Ability to raise more money to invest
    3. Size ( Can raise bigger amounts of money to work with bigger corporations and factories)
    4. Perpetual life
    5. Ease of ownership change
    6. Ease of attracting talented employees
    7. Separation of ownership from management
  43. aq 1. Owners/Stockholders (Elect board of directors)
    2. Board of directors (hire officers)
    3. Officers (set corporate objectives and select managers)
    4. Managers (supervise employees)
    5. Employees
  44. ar 1. One to infinity of owners
    2. Formation is complex (must follow state rules)
    3. Perpetual life (Does not die until the owner dissolves it)
    4. Limited Liability (Only can claim assets of the corporation)
    5. Subject to double taxation
  45. as Convenience & predictable level of service and quality
  46. at Feeling of isolation
  47. au 1. Common ownership
    2. Shared profits and losses
    3. The right to participate in managing the operations of the business
  48. av A legal entity with authority to act and have liability separate from its owners
  49. aw 1. Ease of starting and ending the business
    2. Being your own boss
    3. Pride of ownership
    4. Leaving a legacy
    5. Retention of company profits
    6. No special tax (taxed as the person income of the owner, and and pays normal income tax)
  50. ax - Have no more than 100 shareholders.
    - Have shareholders that are individuals or estates and are citizens or permanent residents of the U.S.
    - Have only one class of stock.
    - Derive no more than 25% of income from passive sources.
    * If an S corporation loses its S status, it may not operate under it again for at least 5 years
  51. ay 1. sole proprietorship
    3. Corporations
  52. az If the corporation, partnership or sole proprietors screws up it's who has to pay up
  53. ba Financing
  54. bb a unique government creation that looks like a corporation but is taxed like sole proprietorship and partnership