Chapter 3: Sole traders, partnerships,social enterprises and franchises

4. goods that are being sold (1 word/s)
5. official examination of a company’s financial records in order (1 word/s)
6. partnership where some partners contribute capital and enjoy a share of the profit but do not take part in the running of the business (2 word/s)
8. accounting procedure that checks thoroughly the accuracy of a company’s accounts to check that they are correct (1 word/s)
11. organisations that give money, goods or help to people who are poor; sick or in need (1 word/s)
13. cooperative that is owned by its employees (2 word/s)
16. business organisations that have a separate legal identity from that of their owners (2 word/s)
17. business owned by between 2 and 20 people (1 word/s)
20. business that has a separate legal identity from that of its owners (1 word/s)
21. binding legal document that states the formal rights of partners (3 word/s)

1. owner of a business is personally liable for all business debts (2 word/s)
2. cooperative that is owned by its customers (2 word/s)
3. where there is no legal difference between the owner and the business (2 word/s)
7. business owner is only liable for the original amount of money invested in the business; shareholders responsible for the debts of a company according to how many shares they own (2 word/s)
9. people employed in a business/used in production (1 word/s)
10. cooperative of retail members, who often work together to assert their purchasing power (2 word/s)
12. structure in which a business (the franchisor) allows another operator (the franchisee) to trade under their name (1 word/s)
14. someone who introduces changes and new ideas (1 word/s)
15. business that aims to improve human or environmental well-being, charities for example (2 word/s)
18. company, factory or organisation in which all the people working there own an equal share of it (1 word/s)
19. business owned by a single person (2 word/s)