Name: 
 

Chapter 11: Legal Concerns



Matching
 
 
a.
sole proprietorship
b.
partnership
c.
general partnership
d.
limited partnership
e.
corporation
f.
cooperative
g.
bankruptcy
 

 1. 

an association of two or more individuals carrying on a business to earn income
 

 2. 

a partnership composed of at least one or more limited partners and at least one general partner
 

 3. 

a legal process, regulated by the Bankruptcy and Insolvency Act, by which you may be discharged from most of your debts
 

 4. 

a legal entity with the authority to act and have liability separate and apart from its owners
 

 5. 

an organization that is operated collectively by its owners
 

 6. 

a partnership in which each partner has a hand in managing the business and assuming unlimited personal liability for any debts
 

 7. 

a business that is owned by one person
 



 
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