Across
- 4. A legal document issued by a public company inviting the public to buy its shares.
- 6. The eldest male member of a Hindu joint family who manages the family business.
- 7. A feature where the liability of members is restricted to the amount unpaid on their shares.
- 8. The company continues to exist even if members die or change.
- 10. A person who allows their name to be used as a partner but doesn’t contribute capital or share profits.
- 11. A form of business owned and managed by a single individual who bears all profits and risks.
- 12. When personal assets of the owner/partner can be used to repay business debts.
Down
- 1. A partner who invests capital but does not take part in day-to-day management.
- 2. A voluntary association of persons who come together to promote their common economic interests.
- 3. Agency A principle in partnership where every partner can bind the firm and is bound by other partners’ acts.
- 5. A feature of a company; it exists in law and has rights and duties like a person.
- 9. A business owned and operated by two or more persons who share profits and losses as per an agreement.