Across
- 3. official rules and standards set by the government that dictate how businesses must operate
- 6. a partnership where all partners are equally responsible for managing the business and are personally liable for its debts
- 8. a business structure where business owners are personally responsible for all the company's debts and legal obligations
- 9. a portion of a company's profits that is paid out to shareholders as a reward for their investment
- 13. a company authorized to act as a single entity and is owned by shareholders and run by a board of directors
- 14. the ability to transfer rights, obligations, or interests from one party to another
- 15. a financial gain from operating a business
Down
- 1. a business structure that protects business owners from being personally responsible for the company's debts and obligations
- 2. a business tax structure where a business owner reports business income and expenses on their personal tax return because profits pass through the business directly to the owner’s income
- 4. a business owned by two or more people who agree to share in the profits and responsibilities
- 5. a person who starts a business, organizes and manages it, and takes on the risks for potential profit
- 7. a partnership with at least one general partner who manages the business and assumes liability, while other partners contribute financially but have limited involvement and liability
- 10. an individual that owns at least one share of stock in a company, making them a part-owner
- 11. when the same income is taxed twice, first at the company level and then again when income is distributed to shareholders as dividends
- 12. A business owned and operated by one person who assumes all the risks and receives all the profits