ARE 5.0 Practice Management With Verified Solutions Graded A+

ARE 5.0 Practice Management With Verified Solutions Graded A+ Sole Proprietorship - The business is owned by an individual General Partnership - Two or more people (general partners) share in the management, profits and risk of the business Limited Partnership - Has at least one general partner (invests in the business, manages it and are financially responsible for it) and at least one limited partner (investor who receives a portion of the profits but has no say in the management of the company) C Corporation - An association of individuals (stockholders, directors and officers) that exists as a legal entity apart from its members Stockholders - Owners of the corporation in proportion to the number of shares they own Directors - Have the fiduciary duty to act in the best interest of the stockholders and are responsible for broad policy decisions Officers - Carry out the day-to-day management of the corporation