Across
- 2. This denotes an entity granting the right to use a company name and products for a royalty; both parties benefit.
- 5. This term describes an owner of stock in a business.
- 7. No more than 100 shareholders.
- 8. This kind of corporation protects its owners from being personally pursued for repayment of the company's debts or liabilities.
- 11. The simplest structure for two or more people to jointly own a business.
- 12. A business entity owned by its shareholder(s).
- 13. ________ taxation. Shareholders and the business are taxed on earnings.
- 14. No restrictions on number of shareholders.
- 15. This kind of liability denotes only the owner's business being at risk.
Down
- 1. ____________ taxation. Shareholders pay taxes on earnings, business is not taxed.
- 3. This kind of liability denotes the owner's assets and personal wealth are at risk.
- 4. Any resource owned or controlled by a business or an economic entity.
- 6. Board of ________. Executive committee that supervises the activities of an organization.
- 9. ___________ charter. Establishes a company as a corporation and details structure, governance, etc.
- 10. This kind of proprietorship denotes someone owning an unincorporated business by themself.
