1.03 Types of Business Structures

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Across
  1. 3. Partners must share profits, must reorganize the business if one partner quits, and unlimited liability are all Partnership what?
  2. 5. Who owns a Corporation?
  3. 6. Another name for stockholders
  4. 7. Advantages of this type of business are: easy to start, easier to obtain capital, share different skills, share risk
  5. 8. The legal paperwork needed to file to incorporate
  6. 9. Risk takers in search of profits
  7. 12. Disadvantages of this type of business are: double taxes, closely regulated by the government
  8. 13. Business whose focused on providing a service instead of making a profit.
  9. 15. When revenue is more than expenses
Down
  1. 1. Franchise is easy to start, can rely on good name, get assistance from the parent company
  2. 2. A contractual agreement between the parent company (corporation) and the operator to sell a company's products
  3. 4. Advantages of this type of business are: easy to start, own boss, keep all profits
  4. 10. Another name for sales
  5. 11. Business whose motive is making a profit.
  6. 14. When revenue is less than expenses