Business Structures

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Across
  1. 2. a person who has an ownership interest in a corporation
  2. 3. liability wherein each party is individually liable for the whole debt as well as collectively liable
  3. 5. a partnership in which the liability of some partners is limited to their capital contribution
  4. 7. a person elected by the shareholders to manage a corporation
  5. 8. unrestricted legal liability for obligations
  6. 11. responsibility for obligations is restricted to the amount of investment
  7. 12. a share that gives the shareholder preference in the distribution of dividends and assets
Down
  1. 1. a single owner of an unincorporated business
  2. 2. one who has an interest in a corporation
  3. 4. a division of profits payable to the shareholder
  4. 6. two or more persons engaged in business together with a view to make a profit
  5. 9. a person hired by the Board of Directors to manage the daily operations of a corporation
  6. 10. a partnership in which the partners have unlimited liability for their own malpractice but limited liability for other partners' malpractice
  7. 13. a duty owed by a director/officer to the corporation