Types of Business Organisations

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Across
  1. 1. a business with separate legal identity from its owners e.g a limited company
  2. 3. a business without separate legal identity from its owners e.g. sole trader and partnership
  3. 5. a type of business structure in which the business is owned by one person
  4. 7. payments made to shareholder from the profits (after tax) of a company
  5. 8. the owners of a business can be held responsible for the debts of the business they own. Their liability is not limited to the investment they made in the business.
  6. 9. a legal requirement for all companies where shareholders could attend and vote on who they want to be on the Board of Directors for the coming year.
  7. 10. the business is jointly owned by two or more people
Down
  1. 2. the written and legal agreement between business partners
  2. 4. the owners of a limited company
  3. 6. the obligation of owners/shareholders for the debts of the business is restricted to the amount invested. Personal possessions are not at risk