Across
- 2. of good standing: a document that verifies that a business is legally registered with a state and is authorized to do business there
- 3. of organization: a legal document that establishes a limited liability company in a state
- 6. of incorporation: a legal document that establishes a corporation as a legal entity and is filed with the state where the business is formed
- 7. Beneficial Owner Legal Tax
- 9. unincorporated associations, group charters, leagues or small groups that generally do not generate profits.
- 10. liability company: a business structure where the owners, called members, are not personally liable for the company’s debts and obligations
- 12. corporation: legal business structure that establishes the business as being a separate entity from the owner(s) for legal and tax purposes; does not generate profits
- 13. responsible party: someone who owns, controls, or exercises effective control over a business, nonprofit or other legal entity and directly or indirectly manages its funds and assets
- 14. proprietor: someone who owns an unincorporated business by themselves
Down
- 1. authorized person: An individual authorized to open accounts or provide information on behalf of the legal entity
- 2. person: Single individual with significant responsibility to control, manage, or direct a legal entity customer
- 4. entity: a business entity that has a single owner and has not elected to be taxed as a separate entity by the Internal Revenue Service (IRS).
- 5. person authorized to sign on behalf of an organization or business
- 7. owner: Each individual with 25% or more equity interest in the legal entity, whether directly or indirectly
- 8. legal business structure that establishes the business as being a separate entity from the owner(s) for legal and tax purposes; owned by shareholders who share in profits and losses generated.
- 11. proprietorship: a business owned and run by one person, with no legal distinction between the owner and the business