Across
- 2. A relatively new form of business organization that is a hybrid of a partnership and a corporation.
- 7. A legal agreement to sell a parent company’s product or services in a designated geographic area.
- 9. A type of investment in which the personal assets of the owners cannot be taken if a company does not meet its financial obligations or if it gets into legal trouble.
- 10. An owner of a corporation with limited liability.
- 12. A business that is owned and operated by one person.
Down
- 1. A type of investment in which the business owner’s financial liability is not limited to investments in the business, but extends to his or her total ability to make payments.
- 3. A legal entity created by either a state or federal statute, authorizing individuals to operate an enterprise.
- 4. A type of business ownership in which each limited partner is liable for any debts only up to the amount of his or her investment in the company.
- 5. The skills of people who are willing to invest their time and money to run a business; the process of starting and operating your own business.
- 6. Identifies the name and address of a new corporation, its purpose, the names of the initial directors, and the amount of stock that will be issued to each director.
- 8. A legal agreement between two or more people to be jointly responsible for the success or failure of a business.
- 11. A type of business ownership in which each partner shares in the profits and losses.