Forms of Business Ownership

Match it! Select the correct answer from the pull down...Good luck!

A written agreement among all owners

Identifies some investors who cannot lose more than the amount of their investment

A business owned and controlled by two or more people

A group of peope who join to do some activity that benefits the public

Is owned by members, serves their needs, and is managed in their interest

A written contract granting permission to operate a business to sell products ans services in a set way.

A written legal document that defines ownership and operating procedures and conditions for the business

Offers the limited liability protection for owners