FOB Business Formation

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Across
  1. 2. a document that provides detailed rules regarding how a corporation will be organized and managed
  2. 4. a type of corporate merger that combines companies that would produce different stages of a product
  3. 8. restructuring of a corporation in which one company buys another
  4. 11. a form of business owned by shareholders in which the company is a separate entity from the owners and provides limited liability
  5. 12. a type of franchise agreement that allows the franchisee to sell a product
  6. 14. a group of people who oversee the overall operations of a company, rather than day-to-day management, is called a board of __________
  7. 18. a form of business with two or more people who voluntarily agree to operate a business as co-owners and share profits
  8. 21. a type of corporate merger in which two unrelated companies join as one
  9. 22. a percentage of revenue that is paid to the franchisor
  10. 23. a hybrid form of business in which there are multiple owners who are members, not shareholders, with limited liability and tax benefits
  11. 24. a type of corporate merger in which two companies join who produce similar products
Down
  1. 1. the party who is offering a license and resources in a franchise agreement
  2. 3. a portion of corporate profits that is distributed to stockholders
  3. 5. a form of business in which one owner manages the company
  4. 6. type of liability in which the owners of a company are fully responsible for debts and personal assets can be at risk
  5. 7. a document that outlines all aspects of operating a franchise along with contact names and a 14-day review period is called a Franchise _________ Document
  6. 9. a type of franchise agreement that allows the franchisee to both produce and sell a product is called a business _______ format franchise
  7. 10. a document required by any state that allows a new corporation to be established is called a/an _________ of Incorporation
  8. 13. a type of corporation that has a limited number of stockholders typically under 50 who benefit from limited liability and may not require a board of directors
  9. 15. a drawback of a corporation that applies to earnings is called _________
  10. 16. one of many owners of a corporation
  11. 17. restructuring of a corporation in which a portion of a company is transferred to another company
  12. 19. restructuring of a corporation in which two companies agree to combine as one company
  13. 20. business agreement in which licensing permission is granted in exchange for monetary payments