BUSINESS ORGANISATIONS

3. this outlines the terms of conditions of the partnership
4. the share of profits that a shareholder receives
7. incorporation this gives the company the right to start its operations
8. this is converting a government-owned business to a private sector business
9. this company has no limited to the number of shareholders
10. a private limited company should have these letters at the end of its name
15. a business owned and controlled by one person
17. this occurs when a company buys out the majority of shares in another company
18. a business that allows another business to use its name,brand or logo
19. a sole trader business more likely to ________ than any other business

1. this type of shareholder has the right to vote at an Annual general meeting
2. this governs the external relationships of the business
5. shareholders can only lose the extend of their investment in the company.They have ________ liability
6. shareholders will elect a ______ to make strategic decisions on behalf of the company
11. the maximum number of persons in a partnership
12. someone who purchase shares in a company
13. this is a partner who invest in the business but plays no active role in the day to day operations
14. a group of lawyers is likely to form a ____________________
16. the franchisee pays________ to the franchisor
18. the maximum number of persons in a privated limited company