BUSINESS ORGANIZATIONS

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Across
  1. 3. Risks 100% of loss should the business fail.
  2. 4. owned and operated by a group for their shared benefit
  3. 7. Abbreviation for a partnership with limited liability.
  4. 10. LIABILITY Type of liability in which you can lose all your assets.
  5. 11. Two or more persons to carry on as co-owners of a business for a profit.
  6. 12. A business organization that has unlimited life.
  7. 13. Type of liability in which you only lose your initial investment in the company.
  8. 14. legal obligation to pay debts
Down
  1. 1. authorization to operate a business
  2. 2. business owned and managed by an individual (two words).
  3. 3. Also known as stocks
  4. 5. they are the owners of a corporation.
  5. 6. corporation that produces and sells in more than one country
  6. 8. A business that has its profits taxed twice.
  7. 9. profits paid out to stockholders