1.2

4. When a business becomes its own legal entity.
8. held company: A company owned by a small group, not the public.
9. A person or group involved in a business with others.
10. partnership: A partnership where some people aren't fully responsible for business debts.
11. When you're responsible for all business debts, risking your personal assets.
12. An organization focused on a cause, not making profits for owners.
16. A legal paper that spells out the rules for running a business together.
19. trader: A business run by one person.
20. company: A company whose shares are traded on a stock market.

1. Government-owned and operated services like schools and agencies.
2. When people or groups team up to run a business and share the profits.
3. A person who owns shares in a company and gets a say in its decisions.
5. A legal business entity that aims to make money.
6. A business that wants to make money while helping society.
7. Businesses and organizations owned by individuals or groups, not the government.
13. Legal protection that limits your financial responsibility to your business investment.
14. When a company first sells its stock to the public.
15. Extra money left over after covering expenses.
17. A group not run by the government, often doing social or charitable work.
18. exchange: A place where people buy and sell company shares.