Across
- 4. the legal responsibility to repay debts and to pay for damages resulting from a lawsuit
- 9. is a form of business in which all co-owners have unlimited liability for any business debts
- 10. an owner in a general partnership
- 12. a legal document certifying that a business meets certain criteria to operate in a particular section, or zone, of a town or city
- 14. a partnership that allows co-owners to operate like general partners while enjoying the protection of limited liability
- 15. full responsibility for paying any debts their businesses take on
- 16. a legal document that allows a business to operate in a state, city, or town
Down
- 1. a form of business consisting of at least one general partner and one or more limited partners
- 2. less than full responsibility for repaying business debts
- 3. a business owned and managed by one person
- 5. a partner in a business who contributes financial capital but plays no role in day-to-day operations
- 6. the legal name under which a business operates
- 7. a business in which the proprietor's liability extends only to whatever he or she has invested in the business
- 8. is a business owned by two or more co-owners
- 11. a legal agreement that states the terms of a partnership
- 13. a partner in a business who contributes financial capital but plays no role in day-to-day operations