Types of Business Organizations

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Across
  1. 2. A partner with unlimited liability.
  2. 6. An unincorporated unlimited type of business organization that is owned, financed and run by 2 to 20 people that also require a deed of partnership to be used.
  3. 10. The owner/s are personally and fully responsible for all losses and debts of the business.
  4. 16. An annual meeting between directors and shareholders of a company to vote on major company decisions, inform them on company performance, elect new directors, etc.
  5. 18. The company that allows the distribution of its goods and services; it usually is well-known, and has an identity with a market and brand name for its product.
  6. 20. A partner that only provides money and receives profit returns but isn't involved with management.
  7. 21. An agreement between the franchisor and the franchisee to allow product distribution.
Down
  1. 1. When the owners of a business and the business itself are separate legal identities, in addition to having limited liability.
  2. 3. Some/all partners have limited liability, but they also have to retain an automatic management responsibility.
  3. 4. A partner with limited liability.
  4. 5. An incorporated, limited type of business organization that allows shares to be sold to the public through the stock market.
  5. 7. Firms funded by taxes on the private sector to provide essential goods and services (e.g. water, electricity, education, etc.)
  6. 8. When investors only repay for the capital they've invested in the business.
  7. 9. The business organization that buys the rights to use the company's brand name, business name, production method, etc.
  8. 11. When, for the first time, shares of a public limited company are made available through the stock market.
  9. 12. An incorporated, limited type of business organization that only allows shares to be sold to invited shareholders.
  10. 13. An unincorporated, unlimited type of business organization that is owned and controlled by one person who also receives all profits.
  11. 14. When the owners of a business and the business itself are one legal identity, in addition to having unlimited liability.
  12. 15. These are people who are major shareholders in the company but who also have control over it; they are elected by other shareholders in the AGM.
  13. 17. These are people who have shares in the company but do not run or manage the company.
  14. 19. A contractual agreement between two or more business organizations to run a new business project.