Partnership Formation Crossword

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Across
  1. 2. contribution of land, equipment, or inventory instead of cash.
  2. 3. financial record where a partner’s investment is recorded.
  3. 8. partner who only invests but does not manage.
  4. 9. disadvantage of a partnership where disagreements may arise.
  5. 12. written contract outlining partner rights and responsibilities.
  6. 14. financial commitment of a partner, whether in cash or non-cash assets.
  7. 15. business structure where partners have unlimited liability.
  8. 17. legal entity where owners have limited liability.
  9. 18. partnership that exists for a specific period or purpose.
  10. 19. method of determining the value of a partner’s assets.
  11. 20. partner’s share of ownership in the partnership.
Down
  1. 1. process of adjusting asset values before forming a partnership.
  2. 4. ownership portion of a business contributed by each partner.
  3. 5. division of earnings among partners.
  4. 6. amount or asset each partner brings into the business.
  5. 7. business structure with two or more owners.
  6. 10. disadvantage of partnerships where partners share debts.
  7. 11. withdrawal of business funds by a partner.
  8. 13. assumption o
  9. 16. form of business with legal personality separate from its owners.