Level 24 Level 26
Level 25

Busines organizations A

14 words 0 ignored

Ready to learn       Ready to review

Ignore words

Check the boxes below to ignore/unignore words, then click save at the bottom. Ignored words will never appear in any learning session.

All None

The owners of a corporation.
A company chartered in the state in which it is doing business.
Revised Uniform Partnership Act (RUPA)
Revised versions of the Uniform Partnership Act proposed in 1994 and subsequent years.
A company chartered in a different state from the one in which it is doing business.
Articles of incorporation
The document by which a corporation is formed.
Sole proprietorship
A business owned and controlled by one person who is solely liable for its obligations.
Winding up
To conclude a partnership by paying liabilities and distributing remaining assets to partners.
The owners of a limited liability company.
A company chartered in a different country from the one in which it is doing business.
Personal liability
Liability imposed against an individual.
The ending of a partnership.
Rules adopted by a corporation for governance and management.
Piercing the corporate veil
To disregard the corporate entity and and hold a corporation’s shareholders or officers personally liable for debts of the corporation.
Partnership agreement
An express written agreement governing the operation and governance of a partnership.