ibt

1. A company’s plan for making a profit
2. The way a company’s mission relates to its structure
5. A corporation that requires its owners to fi le their profits and losses on their personal tax returns
6. Employees of a business sell a product directly to a consumer
11. A form of business owned by two or more individuals who share management and profits
12. A rule that explains how business will be conducted by a corporation
14. Type of ownership that joins elements of a corporation and a partnership
18. A document that outlines the procedures for how an LLC will function
20. A portion of a corporation’s income received by stockholders

1. A group of individuals who represent stockholders and make high-level policy and management decisions for acorporation
3. The collection of small investments from a large number of individuals to finance a business
4. Business model where a company provides goods or services for free but later charges for extra features
7. Involves at least one general partner who assumes operations control and unlimited liability, as well as one or more limited partners
8. A business owned by stockholders who share in profits and losses
9. A legally binding contract that establishes a partnership
10. An organization that generates income for its owners
13. A share in ownership and a claim to a portion of a corporation’s profits
15. A business owned and operated by a single individual
16. Business model where the owner of company grants another business owner the right to use the owner company’s name
17. Gives the owners full control over management, operations, and business decisions regarding the company
19. A company that is created to benefit a public interest