TYPES OF BUSINESS OWNERSHIP

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Across
  1. 1. Type of corporation that sells their stock on stock exchanges.
  2. 3. The records and procedures that corporations are required by law to complete.
  3. 5. Type of corporation that does not sell stock publicly
  4. 11. Monitors all businesses
  5. 12. The fee paid to keep operating a franchise
  6. 13. Two or more people join to create a business
  7. 14. The people who own a portion of a public corporation
  8. 15. Legal responsibility
  9. 16. Set up to accomplish a mission rather than make money.
  10. 17. License needed to register a business
Down
  1. 2. Alternate form of ownership, profits reported on personal tax return
  2. 4. A legally binding agreement.
  3. 6. The legal document describing the purpose, place of business, and other details of the corporation.
  4. 7. Most common type of corporation.
  5. 8. Type of corporation that provides limited liability to owners and is taxed like a partnership.
  6. 9. Type of partnership with 1 managing partner and 1+ limited partners
  7. 10. An artificial being that can buy property, earn money, manufacture/distribute products, pay taxes, sue/be sued, and enter into contracts.
  8. 14. Type of partner who invests but is not involved in daily operations/management
  9. 18. Shares
  10. 19. Owner personally responsible for debts