2. Legal Structures of Business

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Across
  1. 3. The official body that records and maintains information about registered companies.
  2. 5. The process of legally forming a company that is separate from its owners.
  3. 6. A company owned by shareholders whose shares cannot be sold to the public.
  4. 8. Money that a business has borrowed and must repay.
  5. 11. A business owned by two or more people who share profits, responsibilities, and liabilities.
  6. 12. Individuals or organisations that a business owes money to.
  7. 14. The possible financial effects or consequences of a business decision.
  8. 16. Individuals or organisations that owe money to the business.
  9. 17. A person or organisation that owns shares in a company.
  10. 18. A company whose shares can be sold publicly on the stock market.
Down
  1. 1. A situation where owners are personally responsible for all business debts.
  2. 2. A partnership where partners have limited liability, meaning they usually only lose what they invested.
  3. 4. A business owned and run by one person who has full control and unlimited liability.
  4. 7. A company created to benefit the community rather than private shareholders.
  5. 9. When an individual or business cannot repay debts and goes through a legal process to resolve them.1Personalliability When an individual is personally responsible for debts, even if the business fails.
  6. 10. A legal structure where owners are only responsible for debts up to the amount they invested.
  7. 13. A market dominated by a single supplier, giving them significant control over price and supply.
  8. 15. A business owned and run by its members (employees, customers, or suppliers) for mutual benefit.