Accounting information and analyses prepared for people outside the organization.
accounting used to provide information and analyses to managers inside the organization to assist them in decision making
business owned by one person
multiple members of a business venture created by contract
a business owned by stockholders who share in its profits but are not personally responsible for its debts
Limited Liability company
A partnership where personal property of the partners is protected.
Things to consider when forming a business
Liability, How business is taxed, Capital (amount of money needed), and transfer of ownership
a financial document that shows how much money (revenues) came in and how much money (expenses) was paid out during a certain period??