Business Ownership

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Across
  1. 5. A legal entity with authority to act and have liability apart from its owners
  2. 7. A state chartered legal entity with authority to act and have liability separate from its owners
  3. 8. Similar to an S corporation but without the eligibility requirements
  4. 10. A business owned, and usually managed by one person
  5. 12. The result of two firms joining to form one company
  6. 13. Leveraged Buyout
Down
  1. 1. All owners share in operating the business and assuming liability for the business's debts
  2. 2. A partnership with one or more general partners and one or more limited partners
  3. 3. One of the top high performing franchises
  4. 4. Types of partners
  5. 6. One company's purchase of the property and obligations of another company
  6. 9. Businesses owned and controlled by the people who use them, pool their resources for mutual gain
  7. 10. Looks like a corporation but is taxed like sole proprietorships and partnerships
  8. 11. Two or more people legally agree to become co-owners of a business