In order to sell a car, you must have an ownership certificate. Private ownership of property is an American tradition.
Partnership:
a
business owned by two or more individuals.
The
owners of a partnership
share
in the operation and profits of the
business.
Profits:
the
amount of income above costs.
The
profits
have
increased due to a decrease in the cost of raw materials.
Proprietorship:
ownership
of a small business.
This
restaurant is operated as a sole proprietorship.
It
is owned by one
individual.
Purchase:
buy.
The
individual owner can decide whether or not to purchase
new
tools and equipment.
Satisfaction:
a
feeling of pleasure or contentment.
Many
small businessmen have the satisfaction
of
being their own bosses.
Securities
and Exchange Commission (SEC): the
government commission
designed to protect individuals who purchase shares of stock from
publicly held companies.
A
copy of the corporation's balance sheet must be filed with the SEC.
