Forms of Business Ownership - Partnership

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Across
  1. 2. An example of a partnership that sells clothing.
  2. 4. Lawyers who specialize in different areas of law will form partnerships so they can serve more _________.
  3. 5. Kind of partnership where partners have limited liability.
  4. 7. How a partnership is established.
  5. 8. Is an agreement between two or more people who share costs and responsibilities to operate a business.
  6. 9. How partners share the profit of a business.
  7. 12. An example of a partnership that sells ice cream.
Down
  1. 1. Having good arrangements in the contract will help the business run in this way.
  2. 3. Is an important part of a successful partnership
  3. 4. Successful partnerships could potentially become this other form of business ownership.
  4. 6. Most common kind of partnership.
  5. 10. There are ___ main kinds of partnerships.
  6. 11. Unlimited _________: when each partner could be held responsible for the other partner's debts related to the business.
  7. 13. More knowledge and skills, more funds since all partners are contributing.