legal and economic obligations that a company, its directors, shareholders, or other stakeholders may face in relation to debts, financial losses or wrongful actions., liability, owners of the company, shareholders (accionistas), The owners are personally liable for the debts and obligations of the business. If the company cannot pay its debts, the personal assets of the owners can be used to cover the liabilities  , unlimited liability, a business owned and operated by a single individual. This person is solely responsible for all the business's debts and liabilities whilst keeping all profits. There's no legal distinction between the owner and the business. The owner's personal assets can be used to pay off, sole proprietorship , A business arrangement where two or more individuals come together to operate a business as partners. Each partner contributes capital, labour, or skills and shares in the profits and losses. All partners have unlimited liability., general partnership, something that slows down or stops a company from exporting goods or services to an overseas market., trade barriers, manage the business and have unlimited liability for all partnership debts and obligations, general partners, only contribute capital and have limited liability up to their investment amount. Also called silent or sleeping partners, limited partners, one who still shares in the profits and losses of the business, but who is uninvolved in its management, and/or whose association with the business is not publicly known, silent or sleeping partners, a business entity where the company's shares (participaciones) are not avaliable ti the public for purchase. The liability of shareholders is limited to their investment amount. There ase UNquouted/UNlisted companies with a typically limited number of shareholders, private limited company, goes into liquidation/bankrupt, collapse, a company whose shares (acciones) can be bought and sold by the public, often through a stock exchange/stock market/open market. Shareholder's liability is limited to their investment in share capital. These are quoted/listed companies with no limit on shareholder numbers, and company information is publicly avaliable. Separation of ownership and control. , Public limited company, resources owned by a company that have economic value and can generate future benefits, assets, obligations or debts that a company owes to external parties, liabilities, the total money brought into a company by its business activities before any deductions, revenue, what remains after all expenses are subtracted from revenue. Often called net income of profit, income/profit, when the company is insolvent and cannot meet its financial obligations, bankrupty (involuntary liquidation), when owners choose to close the business and distribute assets, dissolution (voluntary liquidation), transferring tasks to external firms, regardless of location, outsourcing, geographical relocation of tasks, often to countries with lower operational costs, offshoring, a business arrangement where two or more parties agree to pool their resources to achieve a specific project or business activity, joint venture, large corporations that own collections of smaller companies operating in various, often unrelated, industries. Conglomerates diversify their business to reduce risks by spreading investments across different sectors. , conglomerates, a business entity that owns controlling stakes in other companies but doesn't engage in its own operations. This structure allows for strategic control and risk management across multiple entities whilst maintaining operational separation, holding companies, companies owned by a parent or holding company, subsidiaries.

DEFINITIONS U.1

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