Legal Structures of a Business

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Across
  1. 6. A situation where a business owner is personally responsible for all business debts.
  2. 8. A person responsible for managing a company.
  3. 10. A business owned by two or more people who share profits and responsibilities.
  4. 11. Units of ownership in a company.
  5. 12. A limited company whose shares are not sold to the general public.
  6. 14. One of the owners in a partnership business.
  7. 17. The company that grants permission for others to operate under its brand.
Down
  1. 1. A business arrangement where an individual pays to use an established company's name and system.
  2. 2. The person who purchases the rights to operate a franchise.
  3. 3. Legal responsibility for a business's debts.
  4. 4. A portion of company profits paid to shareholders.
  5. 5. A limited company whose shares can be bought by the public on a stock exchange.
  6. 7. A document outlining the terms and conditions between business partners.
  7. 9. Protection that limits owners' losses to the amount they have invested.
  8. 11. A person who owns shares in a company.
  9. 12. The financial gain remaining after expenses are deducted from revenue.
  10. 13. The legal right to possess and control a business.
  11. 15. A fee paid by a franchisee to a franchisor for the continued use of the brand.
  12. 16. A business owned and operated by one person.
  13. 18. Money invested to start or expand a business.