Types of Business Ownership

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Across
  1. 5. Owners of a corporation
  2. 8. A unit of ownership in a corporation
  3. 10. company operates not to provide profit for its shareholders but to serve the good of society
  4. 12. A business owner can be legally forced to use personal money and possessions to pay the debts of the business
  5. 13. A type of business ownership in which a single individual owns the business, collects all profit from it, and has unlimited liability for its debt
  6. 14. a farm, business, or other organization which is owned and run jointly by its members, who share the profits or benefits
Down
  1. 1. the right or license granted to an individual or group to sell a company's goods or services in a particular area
  2. 2. A legally defined type of business organization in which at least two individuals share the management, profit, and liability
  3. 3. Any outstanding bill or loan that must be repaid
  4. 4. Payment corporations make to their shareholders
  5. 6. A business organization in which the business (not the owner) is liable for the company's debts
  6. 7. Legal document that clearly defines how the work, responsibilities, rewards, and liabilities of a partnership will be shared by the partners
  7. 9. type of business ownership in which the business is considered a type of "entity" and owned by many shareholders
  8. 11. business owner cannot be forced to use personal money and possessions to pay business debt