An individual who agrees to be responsible for the debts of another individual or business. A company whose purpose is to hold stock in another company. A document that outlines expenses, revenues, and net income of a business. The first time a stock is offered for sale to the public. Something of value that has no physical properties.
Examples are customer loyalty, goodwill, reputation, and trademarks.
The rate at which a company's inventory is sold out over a period of time. A record or book where every transaction is recorded chronologically. An obligation to pay an amount to someone else. Business structure that is taxed like a partnership and provides limited liability for its owners. Business structure that consists of general manager responsibilities for daily management decisions and who assumes liability for the debts, and investors who have little involvement and whose liability is limited to the amount of their investment.