FOB Unit 6 Business Formation

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