Key Terms
Definition
A partnership where partners have limited liability protection from each other's misconduct or negligence. Partners mana
Purpose
To create general public benefit, defined as a material positive impact on society and the environment.
Integration
The strategy of acquiring businesses that were previously competitors, suppliers, buyers, or sellers to create a single
Synergy
The idea that combined entities create more value than they would separately; expressed as 1 + 1 = 3.
Merger
Consolidation of two independent companies into one. One or both original companies cease to exist as separate entities.
Acquisition
One company purchases the assets of another. The acquired company typically continues operating.
Also eligible
Businesses owned by Alaska Native corporations, Community Development Corporations, Indian tribes, and Native Hawaiian o