Across
- 1. To ___ a business means to have control of how you run that business.
- 5. To be ___ means not to have a boss. You organise your own work and people pay you for the goods or services that you provide. You are responsible for paying tax on the money you receive.
- 11. trader A __ __ is a person who owns and runs an unregistered business by himself or herself.
- 12. A ____ partner is the one who receives a fixed amount of money each year, called a salary, paid in monthly instalments. This partner does not receive any more of the profits.
- 15. _______ share capital is the amount of money that someone pays in excess of the nominal value.
- 17. A ___ partner is the one who contributes capital to the partnership but does not take part in the management of the business. He or she receives a share of the partnership profits. This partner is also known as a dormant partner or a silent partner.
- 19. To ___ as something means to put your name on an official list for a particular purpose.
- 23. An ___ is the amount of money that someone puts into a business with the aim of making that business successful and getting more money back.
- 25. __ liability means there is no restriction to your responsibility. You might lose your home or other personal assets if things go wrong.
- 26. An ___ event is something that happens once every year.
Down
- 2. Your ___ are the money that you must spend on the day-to-day costs of the business.
- 3. To ___ up a business something means to start something or to create something, especially
- 4. joint and __ liability means that partners are responsible both individually and together as a group. In a situation where the partnership owes money to someone that person can demand repayment of all that money from any of the partners individually, or he or she can ask each partner to pay a part of that money.
- 6. The value of shares, expressed in nominal terms, that the company has actually issued to its shareholders.
- 7. Your__ is the amount of money you get from selling something or providing a service to someone, after you deduct the costs of making that thing or providing that service.
- 8. _______ value is the amount of money that someone must pay to the company when he or she buys a share.
- 9. ___ means that something can change easily to adapt to different situations. Not fixed.
- 10. _______share capital is the value that the people who set up the company decided to fix for all of the shares of the company. It is easier to understand if you think of it as the official value, not the actual value.
- 13. It means to put money into a business, because you hope that you will get more money back in the future.
- 14. To __ up means to write. Another verb that lawyers often use is to draft.
- 16. To be___ for something means that you are legally responsible for that thing.
- 18. _____ is another word that means a disagreement.
- 20. An _____ partner is the one who receives a share of the partnership profits and has the right to take part in the management of the partnership.
- 21. Your ____are things that you own and which have a financial value, for example your house, your car or the money that you have in the bank.
- 22. An ___ is one of the available choices from several possibilities.
- 24. _____ value is the maximum total value of shares, expressed in nominal terms, that the company is allowed to issue.