Legal Structure

8. trader/most common type of business in Australia and the simplest and cheapest structure to establish
9. the company has become a separate legal entity from its owners
10. type of crowdfunding where contributor lends money to the promoter, who, in return, agrees to pay interest and repay principal on the loan
13. is paid for the reputation of the existing business
14. company/between 2 to 50 shareholders, often family-owned
18. you are a sole trader, you can be forced to sell personal _______ such as the house or car to pay for business debts
19. a comprehensive system for the conduct of the business, including such elements as business planning, management system, location, appearance and image, and quality of goods
20. liability/business owner personally responsible for all the debts of his or her business
23. structure/Sole trader, partnership, private company & public company is all part of the ________
24. obtained through loans
25. type of crowdfunding where contributor makes a payment in return fora share in the company undertaking the project or venture
27. enterprise/A government-sponsored business activity, controlled by government, has an independent legal existence from government and the executive
28. willing paid after the goods have been delivered
29. type of crowdfunding where promoter provides a reward to contributors in return for their payment
30. company is owned by its _________

1. government owning the business retains control but the business is now put on a corporate footing, performing in the same way as companies in the private sector
2. structure/to the way in which a business is owned, organized and operated
3. owned and operated by between 2 to 20 people
4. succession/that the company can outlive its founders, unlike sole traders and partnerships
5. or partner’s money
6. industry/not-for-profit activities or activities that you would usually find taking place in someone’s home
7. practice of funding a project or venture by raising monetary contributions from a large number of people
11. type of crowdfunding where contributor makes a payment to the project or venture, without receiving anything in return
12. loans/if borrower cannot afford repayments, mortgage property can be sold by the lender
15. company/unlimited number of shareholders
16. registered companies, financial markets, and providers of financial services and credit services.
17. liability/generally loses only the money invested in the business
21. suppliers/allow a business to buy goods and services and pay for them sometime later
22. who organizes, manages, and assumes the risks of a business or enterprise
26. loan that allows the borrower to write cheques up to a fixed amount more than they have in their bank account