Types of Business Ownership

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Across
  1. 4. form of business where the owner is the only one responsible for the business activities
  2. 7. a form of business ownership in which the owners are liable only up to the amount of their individual investments
  3. 8. a business that is chartered, registered, by a state, and legally operates apart from its owner or owners
  4. 10. money owed to others
  5. 12. form of corporation which is taxed like a sole proprietorship or partnership
Down
  1. 1. form of business where more than one person shares the business's decisions and outcomes
  2. 2. form of business organization with limited liability and has pass-through tax advantages
  3. 3. legal entities that make money for reasons other than the owners' profit
  4. 5. partners who share unlimited personal liability and take full responsibility for the management of the business
  5. 6. the debts incurred by a firm may have to be paid from the owner's personal assets
  6. 9. a form of corporation which protects the entrepreneur from being sued personally for actions and debts of the corporation
  7. 11. partners whose liability is limited to their investment