SOLE TRADERS, PARTNERSHIPS, SOCIAL ENTERPRISES AND FRANCHISES

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Across
  1. 6. business that has a separate legal identity from that of its owners
  2. 9. liability business owner is only liable for the original amount of money invested in the business
  3. 10. responsible for the effects of your actions and willing to explain or be criticised for them
  4. 12. official examination of a company's financial records in order to check that they are correct
  5. 14. business that aims to improve human or environmental well­being, charities for example
  6. 15. businesses where there is no legal difference between the owner and the business
  7. 16. goods that are being sold
  8. 17. organisations that give money, goods or help to people who are poor, sick or in need
  9. 18. company, factory or organisation in which all the people working there own an equal share of it
  10. 19. cooperative of retail members, who often work together to assert their purchasing power
  11. 20. cooperative that is owned by its employees
Down
  1. 1. where some partners contribute capital and enjoy a share of the profit but do not take part in the running of the business
  2. 2. to do what you have to do or are asked to do
  3. 3. binding legal document that states the formal rights of partners
  4. 4. structure in which a business (the franchisor) allows another operator (the franchisee) to trade under their name
  5. 5. agreement has been made, and certain actions are now either required or prohibited by law
  6. 6. someone who introduces changes and new ideas
  7. 7. language or information that is clear and easy to understand
  8. 8. cooperative that is owned by its customers
  9. 11. people employed in a business/ used in production
  10. 13. business owned by between 2 and 20 people