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Vengo’s balance sheet currently has no debt (time of the vid…

Vengo’s balance sheet currently has no debt (time of the video).

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A(n) ___________ is a type of business whose ownership is di…

A(n) ___________ is a type of business whose ownership is divided into many small parts, called shares or stock.

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Most of the time you need to spend very little of your own p…

Most of the time you need to spend very little of your own personal savings to get a new business off the ground.

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Business is hard, but meaningful, because…

Business is hard, but meaningful, because…

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A private corporation

A private corporation

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Equity financing is money…

Equity financing is money…

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Vending machines sell wholesale consumer items.

Vending machines sell wholesale consumer items.

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In a cooperative, each member gets one vote at the annual me…

In a cooperative, each member gets one vote at the annual meeting for each share he or she owns.

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In a general partnership, all partners have unlimited liabil…

In a general partnership, all partners have unlimited liability for the firm’s debts.

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Because there are so many owners, a corporation is run by

Because there are so many owners, a corporation is run by

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