TJ FOB Chapter 6 Business Formation Vocabulary

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Across
  1. 5. restructuring of a corporation in which one company buys the other
  2. 6. a type of franchise agreement that allows the franchisee to both produce and sell a product is called a business ______ franchise
  3. 7. a document required by any state that allows a new corporation to be established is called a/an _______ of Incorporation
  4. 9. a type of merger that combines companies that would produce different stages of a product
  5. 11. a form of business owned by shareholders in which the company is a separate entity from the owners and provides limited liability
  6. 12. one of many owners of a corporation
  7. 16. a corporate restructuring that occurs when two formerly independent business entities combine to form a new organization
  8. 18. a form of business with two or more people who voluntarily agree to operate a business as co-owners and share profits
  9. 20. a type of franchise agreement that allows the franchisee to sell a product
  10. 21. a type of corporation that has a limited number of stockholders typically under 50 who enefit from limited liability and may not require a board of directors
  11. 22. restructuring of a corporation in which two companies agree to combine as one company
  12. 24. a group of people who oversee the overall operations of a company, rather than day-to-day management, is call a board of __________
Down
  1. 1. a type of corporate merger in which two companies join who produce similar products
  2. 2. the party who is offering a license and resources in a franchise agreement
  3. 3. type of liability in which the owners of a company are fully responsible for debts and personal assets can be at risk
  4. 4. restructuring of a corporation in which a portion of a company is transferred to another company
  5. 8. a hybrid form of business in which there are multiple owners, not shareholders, with limited liability and tax benefits
  6. 10. a form of business in which one owner manages the company (2 words)
  7. 13. a type of corporate merger in which two unrelated companies join as one
  8. 14. business agreement in which licensing permission is granted in exchange for monetary payments
  9. 15. a document that provides detailed rules regarding how a corporation will be organized and managed
  10. 17. a drawback of a corporation that applies to earnings is called _______ (2 words)
  11. 19. a document that outlines all aspects of operating a franchise along with contact names and a 14-day review period is called a Franchise ______ Document
  12. 20. a portion of corporate profits that is distributed to stockholders
  13. 23. a percentage of revenue that is paid to the franchisor