a(n) ______, a(n) _, or a(n) . When the fryer was completed, Juan left his job with Carmen and opened a taco shop of his own. It was a(n) , because Juan owned and operated it himself. The business thrived, and although he had no further money to invest, Juan felt it necessary to expand. His friend Julio offered to invest money in the business, but did not want to be liable for its debts or obligations. The two formed a(n) ,makingJuan a(n) partner andJulio a(n) partner. Because she was well-known in the trade, Carmen lent her name to the business, but because she had no real interest in it, she was a(n) or partner. Soon it became necessary to expand again, and Juan and Julio decided to establish a(n) , which is a legal entity created under state law with the power to conduct its affairs as though it were a natural person. Juan and Julio were the , because they applied for the , which is also called or . The organization was established in strict compliance with the law; therefore, it was a(n) . Miguel, a friend ofJuan and Julio, invested in the business, and all three became , which are also known as . Because restrictions were placed on the transfer of shares, the business was a(n) . Miguel, Juan, and Julio received as evidence of their ownership in the business. The stock they received was , which had no preferences and gave each owner the right to vote. All three were elected as to manage the business