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level: Forms of Business Organization

Questions and Answers List

Question	Answer
This kind of business has a single owner	Sole Proprietorship
Owner/Manager of the Sole Proprietorship	Proprietor
Business owned by two or more persons who bind themselves to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves.	Partnership
Created by operation of law, having the rights of succession and the powers, attributes and properties expressly authorize by law or incident to its existence.	Corporation
These are the investors of a corporation	Stockholders
Unit of ownership in corporation	Share of stocks