Business Structures

1. Type of liability where owners are personally responsible for all business debts (9 letters)
3. Certificates representing ownership in a corporation (5 letters)
4. Property or items of value owned by a business or individual (6 letters)
6. Type of liability that protects personal assets from business debts (7 letters)
7. Type of partnership where some owners have limited liability and limited control (7 letters)
8. Legal papers and records required to form and maintain a business structure (9 letters)
12. A business structure that is a separate legal entity and can sell stock; C-____ or S-____ (11 letters)
14. A person who starts and runs a business, taking on financial risks (12 letters)
18. When a business fails to pay its financial obligations (7 letters)
19. A business owned and operated democratically by its members who share profits equally (11 letters)
20. A person who provides money to a business in exchange for ownership or returns (8 letters)

2. Payments made to shareholders from a corporation's profits (9 letters)
3. A person who owns stock in a corporation (11 letters)
5. Employer Identification Number; a tax ID for businesses (abbreviation) (3 letters)
9. A business owned by its members who work together toward a common goal; short for cooperative (4 letters, abbreviation
10. A business project involving risk, often used with "capital" for investors (7 letters)
11. Type of taxation where both the corporation and shareholders pay taxes on the same income (6 letters)
13. The government agency responsible for collecting taxes in the United States (abbreviation) (3 letters)
15. To offer and sell stock to the public for the first time; a company "goes ______" (6 letters)
16. Money earned by a business after expenses are subtracted (6 letters)
17. The "C" in C-corporation stands for this word, referring to a chapter of the tax code (7 letters)