GEB 1101 Lecture Notes - Lecture 3: Sole Proprietorship, Corporate Action, General Partnership
Document Summary
Acquisition corporate action in which one company buys the assets and obligations of another company and assumes control. The joining of two or more business entities into a single entity. Individual who has shared ownership in a partnership but takes no part in managing it and has limited liability s-corporation. Entity taxed like a sole proprietorship or partnership but maintains benefits of incorporation like limited liability. Business entity with two or more owners who share management and profits or losses. The party that buys the right to use a business"s products, brand, business format, trade secrets, etc. The party that sells to another party the right to use its business format proprietary knowledge, products, etc. Joining of two or more companies in the same industry and or with similar product lines. Vertical merger joining of tow or more companies in similar industries stages or steps of the manufacturing process.
