“ a document thatoutlines/lists all thethings that goes onwithin the LLC(whois in charge of what,liabilities)”“Private/ClosedCorporation, CCorporation, SCorporation, andNonprofitOrganization” “Walmart,Target,Amazon, andAppleInc.” “If the company orany of thepartnership fails,the members can’tgo for any of thecreators personalassets.” FALSEunlimitedamount ofmembers Generalpartnership,limitedpartnership, jointventure, limitedliability. Active/ManagingPartner, Partner inProfits only, minorpartner, secretpartner, Partner byEstoppel. “Runsindependently of itsowners but it istreated as a personwith legal rights,duties, andpowers.”Existence of anagreement, sharingof profits and losses,membership,existence ofbusiness, agencyrelationship. A partnership is anarrangement whereparties, known asbusiness partners,agree to cooperate toadvance their mutualinterests.Free!They tend to haveunlimited debt,meaning that theperson that owns thebusiness can havetheir debts be collectedfrom personal assets.They also do not need as much capital asother types ofbusinesses forinvestments as theytend to usually haveless than 50employees on averageworking for thebusiness.“A BoardofDirectors.” A sole proprietorshiphas the least amountof governmentinterference due tothe fact that they aresmall ->businesses that donot influencesociety as muchas the other typesof businesses. “Merger,Consolidation,Expansion.” It is a type ofbusiness ownedby someonewho assumes allthe profit andrisks. Two or morepartners, ownership& control, mutualtrust & confidence, &contract oragreement. Alemonadestand. LimitedLiabilityPartnership “As defined by theSupreme Court, it isan “artificial being,invisible, intangible,and existing only incontemplation of thelaw.” SoleProprietorshipwhich makes up70% ofbusinessesacross the US. They can befound in small,local, and/orhome basedbusinesses. A good partner isrespectful of andsensitive to theother, havinguniquely individualgoals andpriorities.LimitedLiablilityCompany“ a document thatoutlines/lists all thethings that goes onwithin the LLC(whois in charge of what,liabilities)”“Private/ClosedCorporation, CCorporation, SCorporation, andNonprofitOrganization” “Walmart,Target,Amazon, andAppleInc.” “If the company orany of thepartnership fails,the members can’tgo for any of thecreators personalassets.” FALSEunlimitedamount ofmembers Generalpartnership,limitedpartnership, jointventure, limitedliability. Active/ManagingPartner, Partner inProfits only, minorpartner, secretpartner, Partner byEstoppel. “Runsindependently of itsowners but it istreated as a personwith legal rights,duties, andpowers.”Existence of anagreement, sharingof profits and losses,membership,existence ofbusiness, agencyrelationship. A partnership is anarrangement whereparties, known asbusiness partners,agree to cooperate toadvance their mutualinterests.Free!They tend to haveunlimited debt,meaning that theperson that owns thebusiness can havetheir debts be collectedfrom personal assets.They also do not need as much capital asother types ofbusinesses forinvestments as theytend to usually haveless than 50employees on averageworking for thebusiness.“A BoardofDirectors.” A sole proprietorshiphas the least amountof governmentinterference due tothe fact that they aresmall ->businesses that donot influencesociety as muchas the other typesof businesses. “Merger,Consolidation,Expansion.” It is a type ofbusiness ownedby someonewho assumes allthe profit andrisks. Two or morepartners, ownership& control, mutualtrust & confidence, &contract oragreement. Alemonadestand. LimitedLiabilityPartnership “As defined by theSupreme Court, it isan “artificial being,invisible, intangible,and existing only incontemplation of thelaw.” SoleProprietorshipwhich makes up70% ofbusinessesacross the US. They can befound in small,local, and/orhome basedbusinesses. A good partner isrespectful of andsensitive to theother, havinguniquely individualgoals andpriorities.LimitedLiablilityCompany

Business Ownership C-S-P-H - Call List

(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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  1. H-“ a document that outlines/lists all the things that goes on within the LLC(who is in charge of what, liabilities)”
  2. C-“Private/Closed Corporation, C Corporation, S Corporation, and Nonprofit Organization”
  3. C-“Walmart, Target, Amazon, and Apple Inc.”
  4. H-“If the company or any of the partnership fails, the members can’t go for any of the creators personal assets.”
  5. H-FALSE
  6. H-unlimited amount of members
  7. P-General partnership, limited partnership, joint venture, limited liability.
  8. P- Active/Managing Partner, Partner in Profits only, minor partner, secret partner, Partner by Estoppel.
  9. C-“Runs independently of its owners but it is treated as a person with legal rights, duties, and powers.”
  10. P-Existence of an agreement, sharing of profits and losses, membership, existence of business, agency relationship.
  11. P-A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests.
  12. S-Free!
  13. 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
  14. C-“A Board of Directors.”
  15. 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 ->
  16. C-“Merger, Consolidation, Expansion.”
  17. S-It is a type of business owned by someone who assumes all the profit and risks.
  18. P-Two or more partners, ownership & control, mutual trust & confidence, & contract or agreement.
  19. S-A lemonade stand.
  20. H-Limited Liability Partnership
  21. C-“As defined by the Supreme Court, it is an “artificial being, invisible, intangible, and existing only in contemplation of the law.”
  22. S-Sole Proprietorship which makes up 70% of businesses across the US.
  23. S-They can be found in small, local, and/or home based businesses.
  24. P-A good partner is respectful of and sensitive to the other, having uniquely individual goals and priorities.
  25. H- Limited Liablility Company