Business Ownership and Operations
Wholesaler
Also known as a distributor, distributes goods.
Manufacturers
Are businesses that make finished products out of processed goods.
Processors
Change raw materials into more finished products.
Unlimited Liability
Full responsibility for your company's debts.
Limited Liability
If your company loses money, the stockholders lose only what they invested.
Corporation
Is a business owned by many people but treated by law as one person.
Sole Proprietorship
Is a business owned by only one person.
Partnership
Is a business owned by two or more persons who share the risks and rewards.
Producer
Is a business that gathers raw products in their natural state.
Intermediary
Is a business that moves goods from one business to another.
Franchise
Is a contractual agreement to sell a company's products or services in a designated geographic area.
Nonprofit Organization
Is a type of business that focuses on providing a service rather than making a profit.
Cooperative
Is an organization owned and operated by its members for the purpose of saving money on the purchase of certain goods and services.
Retailer
Purchases goods from a wholesaler and resells them to a consumer, or the final buyer of the goods.
Stock
Shares of ownership in your corporation.