SoleProprietorshipwhich makes up70% ofbusinessesacross the US. “Private/ClosedCorporation, CCorporation, SCorporation, andNonprofitOrganization” Free!unlimitedamount ofmembers “Runsindependently of itsowners but it istreated as a personwith legal rights,duties, andpowers.”“A BoardofDirectors.” “Merger,Consolidation,Expansion.” LimitedLiabilityPartnership A good partner isrespectful of andsensitive to theother, havinguniquely individualgoals andpriorities.Active/ManagingPartner, Partner inProfits only, minorpartner, secretpartner, Partner byEstoppel. LimitedLiablilityCompanyFALSE“Walmart,Target,Amazon, andAppleInc.” A sole proprietorshiphas the least amountof governmentinterference due tothe fact that they aresmall ->businesses that donot influencesociety as muchas the other typesof businesses. “If the company orany of thepartnership fails,the members can’tgo for any of thecreators personalassets.” 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.Alemonadestand. It is a type ofbusiness ownedby someonewho assumes allthe profit andrisks. They can befound in small,local, and/orhome basedbusinesses. “As defined by theSupreme Court, it isan “artificial being,invisible, intangible,and existing only incontemplation of thelaw.” Generalpartnership,limitedpartnership, jointventure, limitedliability. Existence of anagreement, sharingof profits and losses,membership,existence ofbusiness, agencyrelationship. “ a document thatoutlines/lists all thethings that goes onwithin the LLC(whois in charge of what,liabilities)”A partnership is anarrangement whereparties, known asbusiness partners,agree to cooperate toadvance their mutualinterests.Two or morepartners, ownership& control, mutualtrust & confidence, &contract oragreement. SoleProprietorshipwhich makes up70% ofbusinessesacross the US. “Private/ClosedCorporation, CCorporation, SCorporation, andNonprofitOrganization” Free!unlimitedamount ofmembers “Runsindependently of itsowners but it istreated as a personwith legal rights,duties, andpowers.”“A BoardofDirectors.” “Merger,Consolidation,Expansion.” LimitedLiabilityPartnership A good partner isrespectful of andsensitive to theother, havinguniquely individualgoals andpriorities.Active/ManagingPartner, Partner inProfits only, minorpartner, secretpartner, Partner byEstoppel. LimitedLiablilityCompanyFALSE“Walmart,Target,Amazon, andAppleInc.” A sole proprietorshiphas the least amountof governmentinterference due tothe fact that they aresmall ->businesses that donot influencesociety as muchas the other typesof businesses. “If the company orany of thepartnership fails,the members can’tgo for any of thecreators personalassets.” 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.Alemonadestand. It is a type ofbusiness ownedby someonewho assumes allthe profit andrisks. They can befound in small,local, and/orhome basedbusinesses. “As defined by theSupreme Court, it isan “artificial being,invisible, intangible,and existing only incontemplation of thelaw.” Generalpartnership,limitedpartnership, jointventure, limitedliability. Existence of anagreement, sharingof profits and losses,membership,existence ofbusiness, agencyrelationship. “ a document thatoutlines/lists all thethings that goes onwithin the LLC(whois in charge of what,liabilities)”A partnership is anarrangement whereparties, known asbusiness partners,agree to cooperate toadvance their mutualinterests.Two or morepartners, ownership& control, mutualtrust & confidence, &contract oragreement. 

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