Across
- 4. A legal requirement for all public limited companies. Shareholders may attend and vote on who they want to be on the Board of Directors for the coming year.
- 6. A business based upon the use of the brand name, promotional logo and product ideas of an existing successful business.
- 7. Businesses owned by shareholders but, unlike private limited companies, they can sell shares to the public. Their shares are traded on stock exchanges.
- 10. The liability of shareholders in a company is limited to only the amount of money they invested.
- 12. Where two or more businesses start a new project together, sharing capital, risks and profits.
- 13. The original business that sells the right to a franchisee to use its name and idea. The franchisor sells the right to open stores and sell products or services using its brand name.
- 15. A business that has social objectives as well as an aim to make a profit to reinvest back into the business.
- 16. Formed when two or more people agree to jointly own a business.
- 17. The written and legal agreement between business partners. It is not essential for partners to have such an agreement but it is always recommended.
Down
- 1. One that does not have a separate legal identity to the owners of the business.
- 2. The owners of a limited company. They buy shares that represent part-ownership of a company.
- 3. 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.
- 5. Companies that have separate legal status from their owners.
- 8. Payments made to shareholders from the profits (after tax) of a company. They are the return to shareholders for investing in the company.
- 9. Businesses owned by shareholders but they cannot sell shares to the public – only to family, friends or specialist business investors.
- 11. A business owned and controlled by one person.
- 14. A person who buys the licence to operate an outlet of an existing business from the franchisor.