Types of Business and Legal Structure

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Across
  1. 3. A limited liability company (LLC) is a business with pass-through taxation where owners pay taxes on the company's profit and losses through their personal taxes
  2. 4. A tangible item
  3. 6. A business-to-consumer (B2C) transaction
  4. 8. A type of business that has no owner and does not pay federal US taxes.
  5. 10. A type of business structure with a single owner. The business is not shielded from any amount of liability
Down
  1. 1. An intangible service or skill that is performed
  2. 2. A type of business structure with a special tax advantage that allows the company to pass its income, losses, deductions, and credits through its shareholders
  3. 5. A business-to-business (B2B) commercial transaction between businesses
  4. 7. A business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease their taxation.
  5. 9. Two or more individuals that share a business's financial responsibility