Across
- 3. Risks 100% of loss should the business fail.
- 4. owned and operated by a group for their shared benefit
- 7. Abbreviation for a partnership with limited liability.
- 10. LIABILITY Type of liability in which you can lose all your assets.
- 11. Two or more persons to carry on as co-owners of a business for a profit.
- 12. A business organization that has unlimited life.
- 13. Type of liability in which you only lose your initial investment in the company.
- 14. legal obligation to pay debts
Down
- 1. authorization to operate a business
- 2. business owned and managed by an individual (two words).
- 3. Also known as stocks
- 5. they are the owners of a corporation.
- 6. corporation that produces and sells in more than one country
- 8. A business that has its profits taxed twice.
- 9. profits paid out to stockholders