Across
- 6. an agreement that allows one party, known as a trustee, to hold, manage, and direct assets or property on behalf of another party, called the beneficiary. In business trust, a trustee manages a business and conducts transactions for the benefit of its beneficiaries.
- 7. a business owned by its investors, with each investor owning a share based on the amount of stock purchased
- 10. is an organization—usually a group of people or a company—authorized by the state to act as a single entity and recognized as such in law for certain purposes.
- 11. You alone own the company and are responsible for its assets and liabilities. You don't have to file special forms or pay fees to start your business.
- 13. a business entity owned by an individual or multiple people or a group of private investors. A public company is a business entity whose shares are traded on a recognized stock exchange.
- 14. a business entity with at least one general partner (who has unlimited personal liability) and one limited partner (whose liability is limited to their investment in the company).
- 15. a combination of two or more parties that seek the development of a single enterprise or project for profit, sharing the risks associated with its development. The parties to the joint venture must be at least a combination of two natural persons or entities.
Down
- 1. a person or institution that has invested money in a corporation in exchange for a “share” of the ownership. That ownership is represented by common or preferred shares issued by the company and held (i.e., owned) by the shareholder.
- 2. is a method of distributing products or services involving a franchisor, who establishes the brand's trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.
- 3. is the relationship between two or more people to do trade or business. Each person contributes money, property, labor or skill, and shares in the profits and losses of the business.
- 4. is a closely held corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, S corporations do not pay any income taxes
- 5. sell equity or issue bonds to raise the capital needed for business expansion. Public companies, unlike privately held companies, file quarterly, half-yearly and annual reports with the SEC. Public companies are liable to disclose financial information to their shareholders and the general public.
- 8. is an organization formed to serve the public good, such as for charitable, religious, educational, or other public service reasons, rather than purely for the creation of profit itself, as businesses aim to do. The biggest benefit of choosing this form of legal entity is that it is exempt from paying federal and state taxes on any income the corporation earns, unlike for-profit corporations.
- 9. a temporary alliance formed by professionals to handle a large transaction that would be impossible to execute individually. By forming a syndicate, members can pool their resources together, and share in both the risks and the potential for attractive returns.
- 12. as a user owned and controlled business from which benefits are derived and distributed equitably on the basis of use or as a business owned and controlled by the people who use its services