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1. Sole Proprietorship - business owned and run by a single individual 

2. General Partnership - all partners responsible for management and financial obligations

3. Limited Partnership - at least one partner is not active in daily operations and has limited responsibility for debts and obligations

4. Corporation - recognized by law as a separate legal entity with rights and responsibilities of an individual

5. Charter - written government approval to establish a corporation (name, address, purpose of business, number of shares of stock)

6. Stock - certificate of ownership (common or preferred)

7. Stockholder - own a share or shares

8. Dividend - check paid to stockholders

9. Common Stock - most basic (typically one vote per share)

10. Preferred Stock - no voting privileges, but higher claim on corporate income

11. Bond - contract to repay borrowed money and interest on borrowed money

12. Principal - the initial amount borrowed

13. Interest - payment made for the use of borrowed money

14. Franchise - renting or leasing another successful business model

15. Franchisor - creator and owner of the successful business model

16. Franchisee a person who invests in a successful business model

17. Double Taxation -  the imposition of taxes on the same income, assets or financial transaction at two different points of time

18. Income Statement - a financial report that shows a company's income and expenditures during a set period
19. Balance Sheet -A report showing a business’s sales, expenses, and profits for a certain period, usually three months or a year.
20. Statement of Cash Flows - a financial statement that summarizes the amount of cash flowing into and out of a company.
21. Net Income - subtracting all expenses, including taxes, from revenues
22. Cash Flow - the total amount of new funds the business generates from operations

23. Depreciation - gradual wear on capital goods; a noncash charge
24. Noncash Charge - Interest may be paid to a bank, wages may be paid to employees, or payments may be made to suppliers to provide some of the inputs used in production
25. Reinvesting Cash Flows - If a business has a positive cash flow, the firm can decide how to allocate it
26. Merger - a combination of two or more business enterprises to form a single firm
27. Horizontal Merger - a combination of firms producing the same kind of product
28. Vertical Merger - a combination of firms involved in different steps of manufacturing, marketing, or sales
29. Synergy - when firms combine, they take the best characteristics from both to become a stronger company
30. Economies of Scale - the larger size usually allows for lower cost of production
31. Diversification - some mergers are driven by the desire to acquire new product lines
32. Conglomerate - Firm with 4 or more businesses making unrelated products, with no single business responsible for a majority of its sales
33. Multinational Corporation - a corporation that has manufacturing or service operations in several different countries
34. Incubator - places where entrepreneurs can receive the training and other assistance to build a successful start-up business
35. Venture Capitalist - provider of investment funds to a start-up business in exchange for partial ownership of the business
36. Angel Investor - Informal and usually affluent investors who provide funds to less-promising startups
37. Crowdfunding - Using social networking to appeal to potential investors