Crossword

2. liability, the shareholder only loses money invested through his/her business.
5. costs, refers to the expenses and asset purchases associated with getting the business started.
8. company, unlimited number of shareholders. Public buys and sells shares in company.
12. an item owned by a person or company that is regarded as having value.
14. private company with less than 50 private owners (shareholders). Often family owned.
16. capital, money invested to start a new business (for product development, manufacturing, marketing etc).
17. sector, the part of the national economy that is not under direct state control.
18. a sum of money that is owed or due.
19. a person or company to whom money is owing.
20. a large company or group of companies authorized to act as a single entity and recognized.

1. liability, owners are personally responsible for the debts of the business.
3. the owner of shares in a company.
4. a company or other organization that is not formed into a legal corporation.
6. industry, not for profit activities or activities that you would usually find in someone's home.
7. a company or other organization that is formed into a legal corporation.
9. sector, the part of an economy that is controlled by the state.
10. structure, Privately owned with no government ownership. Private sector businesses can be either unincorporated or incorporated.
11. business relationship where franchisers sell the right to market and distribute franchiser's goods.
13. trader, simplest form of legal structure of business entity. Owned and operated by one person.
15. a type of business operated from 2 to 20 people (partners). Shares their profit and losses among partners.