FORMS OF OWNERSHIP

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Across
  1. 4. Procedures to follow when closing down.
  2. 8. A company that allows any number of shareholders, over 7.
  3. 10. Both private & public companies have to have a board of _________ to help manage the business.
  4. 12. This form of ownership allows for financials to be confidential.
  5. 13. Public companies shares are listed on the ______.
  6. 16. Who is responsible for the debts of the business?
  7. 18. Another name for capital goods.
  8. 20. The business will carry on.
  9. 21. ________ is easily transferable in a public company.
  10. 22. Partners are ________ and severally liable.
Down
  1. 1. A partnership ___________ is better to have it in writing.
  2. 2. Has to be paid back with interest.
  3. 3. Owners personal belongs at risk.
  4. 5. Partnerships allow for more ________ in the business
  5. 6. The objectives and powers of a public company are laid down in the memorandum of _____________.
  6. 7. Recognised by the letters '(Pty) Ltd'.
  7. 9. When one business controls the market for a good or service.
  8. 11. Money contributed from the owners savings.
  9. 14. Portion of the company's profits paid out to shareholders, in the form of ___________.
  10. 15. Sole trader is 100%
  11. 17. When accountants check the financial records of the business, the business is being _________.
  12. 19. Responsibilities, workload & risk is ______ between partners.