Business Entity Types

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Across
  1. 3. All partners are liable jointly
  2. 4. Example of a sole Prop
  3. 6. Example of a General Partnership
  4. 7. Elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes
  5. 9. Example of a Limited Liability Partnership
  6. 11. Only entity allowed to use their SSN
  7. 13. Business HQ resides within our foot print
  8. 14. Example of a Limited Partnership
  9. 15. Example of an Incorporated Association
  10. 17. Example of a Limited Partnership Company
  11. 19. Example of a C Corporation
  12. 20. Provides Limited Liability for some partners
  13. 21. Example of an S Corporation
Down
  1. 1. Generally offers liability protection similar to that of a corporation but is taxed differently
  2. 2. An association of two or more persons formed for some religious, educational, charitable, social or other non-commercial purpose
  3. 3. Must have 2 or more persons engaged in a for profit business
  4. 5. A registered legal entity that's usually established for recreational, cultural, or charitable purposes
  5. 6. Every partner has a limited personal liability
  6. 8. Example of an Unincorporated Association
  7. 10. Must have at least one general partner that acts as controlling partner
  8. 12. May be managed by one or more managers or one or more members
  9. 16. A business structure that allows the owners of a business to become legally separate from the business itself
  10. 18. Partners will not be liable for the tortious damages of other partners