ADVANTAGES AND DISADVANTAGES OF A BUSINESS STRUCTURE
Limited, same as
Unlimited for genera
BANKRUPTCY and REORGANIZATION
(These are primarily federal laws)
provide relief and protection to
debtors who have gotten in over their
To provide a fair means of distributing
a debtors assets among all creditors.
Five Basic Types of Bankrup
Agreement that involves legally
binding obligations between 2 or
Types of Contracts
Express Written or oral agreements where
the terms are explicitly written/stated.
Implied Agreement that is inferred by law.
Based on conduct of th
private franchise is any arrangement in which the owner of a
trademark, a trade name, or a copyright has licensed others to use it
in selling goods or services
A franchisor is the seller of the franchise
A franchisee, the purchaser or a fran