Business Entities

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Across
  1. 2. Sole proprietorships and partnerships are ____ associations.
  2. 4. A business structure with two or more individuals who agree to share in the profits or losses of a business.
  3. 6. A business structure where one person owns and operates the business.
  4. 8. A sole proprietorship has no separate legal ______ from the sole proprietor.
  5. 10. The liability of a sole proprietor is ______.
  6. 12. A person who holds a legal or ethical relationship with another person.
Down
  1. 1. Sharing of business ____ is prima facie evidence of partnership.
  2. 3. A partner is a/an _____ of the firm and the other partners.
  3. 5. The authority of each partner may be actual or ____.
  4. 7. Maximum number of partners in a general partnership.
  5. 9. A partnership is called ____.
  6. 11. A process of forming a new company.