Types of Business Ownership

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Across
  1. 3. official rules and standards set by the government that dictate how businesses must operate
  2. 6. a partnership where all partners are equally responsible for managing the business and are personally liable for its debts
  3. 8. a business structure where business owners are personally responsible for all the company's debts and legal obligations
  4. 9. a portion of a company's profits that is paid out to shareholders as a reward for their investment
  5. 13. a company authorized to act as a single entity and is owned by shareholders and run by a board of directors
  6. 14. the ability to transfer rights, obligations, or interests from one party to another
  7. 15. a financial gain from operating a business
Down
  1. 1. a business structure that protects business owners from being personally responsible for the company's debts and obligations
  2. 2. a business tax structure where a business owner reports business income and expenses on their personal tax return because profits pass through the business directly to the owner’s income
  3. 4. a business owned by two or more people who agree to share in the profits and responsibilities
  4. 5. a person who starts a business, organizes and manages it, and takes on the risks for potential profit
  5. 7. a partnership with at least one general partner who manages the business and assumes liability, while other partners contribute financially but have limited involvement and liability
  6. 10. an individual that owns at least one share of stock in a company, making them a part-owner
  7. 11. when the same income is taxed twice, first at the company level and then again when income is distributed to shareholders as dividends
  8. 12. A business owned and operated by one person who assumes all the risks and receives all the profits