Across
- 3. Owners are motivated because profits affect them directly.
- 5. Owners keep all business earnings.
- 7. A business owned by two or more people for profit.
- 8. Money earned after expenses are paid.
- 9. Business income is taxed as personal income only.
- 12. Owners are personally responsible for business debts.
- 14. Business may end if an owner leaves or dies.
- 15. A partner who manages the business and has unlimited liability.
- 16. Money invested into a business.
- 17. Owners are responsible only up to their investment.
Down
- 1. A partner who invests but does not manage the business.
- 2. Easy and simple to begin the business.
- 4. A business owned by one person.
- 6. Partners bring different strengths and knowledge.
- 7. A document explaining profit sharing and responsibilities.
- 10. The formal written contract between partners.
- 11. Difficulty withdrawing invested money.
- 13. A business structure that limits many ownership risks.