A closed corporation is one whose stock is held by a few people and is not available to the general public.

The__________ is usually the easiest form of business to start and end.

A limited partnership consists of one or more general partners and one or more limited partners.

Corporations make up the largest percentage of all the forms of business ownership.

When two or more people legally agree to become co-owners of a business, the form of business is called a cooperative.

A(n)_________ is a state-chartered legal entity with authority to act and to have liability separate from its owners.

The three major forms of business ownership in the United States are sole proprietorships, partnerships, and corporations.

Corporations represent 20% of all the businesses in the United States and earn over 80% of the total U.S. business receipts.

Bankers and potential investors are likely to read__________ first in a business plan.

A(n)__________ is a group of experienced professionals from different areas of business who join together to develop, make, and market a new product.