Across
- 4. A partnership established for a specific project or for a limited time
- 6. A group of individuals elected by the stockholders to oversee the general operation of the corporation, who set the corporation’s long-range objectives
- 10. A legal document that the state issues to a company based on information the company provides in the articles of incorporation.
- 14. A partnership that involves a complete sharing in both the management and the liability of the business
- 17. Corporations that focus on providing a service rather than earning a profit but are now owned by a government entity
- 19. An organization composed of individuals or small businesses that have banded together to reap the benefits of a belonging to a larger organization
- 21. Corporation taxed as though it were a partnership with restrictions on shareholders
- 22. A form of business organization defined by the Uniform Partnership Act as “an association of two or more persons who carry on as co-owners of a business for profit.”
- 24. The purchase of one company by another, usually by buying its stock
Down
- 1. Form of ownership that provides limited liability and taxation like a partnership but places fewer restrictions on members
- 2. Business owned and operated by one individual; the most common form of business organization in the United States
- 3. Selling a corporation’s stock on public markets for the first time
- 5. Legal documents that set forth the basic agreement between partners
- 7. A special type of stock whose owners, though not generally having a say in running the company, have a claim to profit before other stockholders
- 8. The combination of two companies (Usually corporations) to form a new company
- 9. Corporations owned and operated by the federal state, or local government
- 11. A purchase in which a group of investors borrows money from banks and other institutions to acquire a company (or a division of one), using the assets of the purchased company to guarantee repayment of the loan
- 12. Stock whose owners have voting rights in the corporation, yet do not receive preferential treatment regarding dividends.
- 13. A corporation owned by just one or a few people who are closely involved in managing the business
- 15. A corporation whose stock anyone may buy, sell or trade
- 16. A business organization that has at least one general partner , who assumes unlimited liability and at least one limited partner, whose liability is limited to his or her investment in the business
- 18. A legal entity, created by the state, whose assets and liabilities are separate from its owners
- 20. Shares of a corporation that may be bought or sold
- 23. Profits of a corporation that are distributed in the form of cash payments to stockholders