(Print) Use this randomly generated list as your call list when playing the game. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.
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C-“As defined by the Supreme Court, it is an “artificial being, invisible, intangible, and existing only in contemplation of the law.”
P-Existence of an agreement, sharing of profits and losses, membership, existence of business, agency relationship.
P- Active/Managing Partner, Partner in Profits only, minor partner, secret partner, Partner by Estoppel.
C-“Walmart, Target, Amazon, and Apple Inc.”
H-“ a document that outlines/lists all the things that goes on within the LLC(who is in charge of what, liabilities)”
S-It is a type of business owned by someone who assumes all the profit and risks.
C-“A Board of Directors.”
S-businesses that do not influence society as much as the other types of businesses.
S-A sole proprietorship has the least amount of government interference due to the fact that they are small ->
S-Sole Proprietorship which makes up 70% of businesses across the US.
H-unlimited amount of members
S-A lemonade stand.
P-A good partner is respectful of and sensitive to the other, having uniquely individual goals and priorities.
S-Free!
H-Limited Liability Partnership
S-They can be found in small, local, and/or home based businesses.
C-“Merger, Consolidation, Expansion.”
S-as much capital as other types of businesses for investments as they tend to usually have less than 50 employees on average working for the business.
S-They tend to have unlimited debt, meaning that the person that owns the business can have their debts be collected from personal assets. They also do not need
H- Limited Liablility Company
H-FALSE
P-Two or more partners, ownership & control, mutual trust & confidence, & contract or agreement.
H-“If the company or any of the partnership fails, the members can’t go for any of the creators personal assets.”
P-A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests.
C-“Runs independently of its owners but it is treated as a person with legal rights, duties, and powers.”