Across
- 4. legal entity where owners have limited liability.
- 6. financial commitment of a partner, whether in cash or non-cash assets.
- 7. ownership portion of a business contributed by each partner.
- 10. partnership that exists for a specific period or purpose.
- 11. partner’s share of ownership in the partnership.
- 12. business structure where partners have unlimited liability.
- 14. written contract outlining partner rights and responsibilities.
- 16. division of earnings among partners.
- 17. contribution of land, equipment, or inventory instead of cash.
- 18. disadvantage of partnerships where partners share debts.
- 19. form of business with legal personality separate from its owners.
- 20. method of determining the value of a partner’s assets.
Down
- 1. process of adjusting asset values before forming a partnership.
- 2. disadvantage of a partnership where disagreements may arise.
- 3. business structure with two or more owners.
- 5. partner who only invests but does not manage.
- 8. assumption of financial risk by all general partners.
- 9. withdrawal of business funds by a partner.
- 13. financial record where a partner’s investment is recorded.
- 15. amount or asset each partner brings into the business.