Across
- 2. - A business model where a franchisee operates under the trade name and business model of a franchisor in exchange for fees.
- 5. - A legal entity that is separate from its owners, providing limited liability protection to shareholders.
- 7. Liability Company (LLC) - A business structure that combines the benefits of a corporation and a partnership, offering personal asset protection and flexible management.
- 9. - A business structure where two or more individuals share ownership, responsibilities, and profits.
- 11. Corporation (S Corp) - A special type of corporation that meets specific Internal Revenue Code requirements, allowing profits to be taxed only at the shareholder level.
- 12. - The process by which governments collect money from individuals and businesses to fund public services.
- 13. - The legal responsibility of an individual or business to pay debts or obligations.
- 14. - Any individual or group that has an interest in the success and operations of a business, including owners, employees, customers, and the community.
Down
- 1. Sharing - The distribution of a portion of a business's profits to its owners or employees.
- 3. Proprietorship - A business owned and operated by a single individual, where the owner has full control and responsibility.
- 4. - Financial assets or resources that businesses use to fund their operations and investments.
- 6. Costs - Expenses associated with the general operation of a business, including management and support functions.
- 8. - The process of establishing a new business, often characterized by innovation and risk-taking.
- 10. - The act of adhering to laws, regulations, and standards that govern business operations.
- 13. Liability - A legal structure that protects an owner's personal assets from being used to pay business debts.