1. Angel and Mariela Team 2

2. Flexible form of enterprise that blends elements of partnership and corporate structures.

3. A business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They both exercise control over the enterprise and consequently share revenues, expenses and assets.

4. A privilege arising from the grant of a sovereign or government, or from prescription, which presupposes a grant.

5. Lets you enjoy the limited liability of a corporate shareholder but pay income taxes as if you were a sole proprietor or a partner.

6. Is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals.

7. A business organization owned and operated by a group of individuals for their mutual benefit.