Across
- 2. A franchise relationship allows others to operate their businesses using resources and supplies in exchange for money and other considerations
- 3. A voluntary agreement under which two or more people act as co-owners of a business for profit
- 8. When businesses are formed as sole proprietorships or business
- 12. Includes at least one general partner who actively manages the company and accepts unlimited liability
- 13. An owner of a corporation
- 14. Detailed description of all aspects of a franchise that the franchisor must provide to the franchisee at least 14 calendar days before the franchise agreement is signed
Down
- 1. A form of business ownership in which the business is considered a legal entity that is separate and distinct from its owner
- 4. It does not seek to earn a profit and differs in several fundamental respects
- 5. Restructuring occurs when two formerly independent business entities combine to form a new organization
- 6. A form of business ownership with a single owner who usually actively manages the company
- 7. Individuals who are stockholders of a corporation elect to represent their interest
- 9. A form of partnership in which all partners have the to participate in management
- 10. A form of business ownership that offers both limited liability to its owners and flexible tax treatment
- 11. When owners are not personally liable for claims against their firm. Owners with limited liability may lose their investments in the company