Management and Organizational Studies 2275A/B Chapter Notes - Chapter 14: Independent Business, Root Mean Square, Limited Liability Partnership
20 Dec 2017
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!1: these acts have optional rules (ie; the rules are subject to an agreement to the contrary) with respect to: Wednesday, november 8, 2017: the relationship of partners to one another, how and why a partnership ends, joint and several liability is individual and collective liability for debt. The corporation: a shareholder is a person who has an ownership interest in a corporation, a director is a person elected by shareholders to manage a corporation. The franchise: a franchise is a contractual arrangement between a manufacturer, wholesaler, or service organization (franchisor) and an independent business (franchisee), who buys the right to own and operate one or more units of the franchise system. Franchise organizations are normally based on some unique product, service, or method of doing business; on a trade name or patent; or on goodwill that the franchisor has developed.
