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Chapter 7 Entrepreneurship Crossword
Down
:
1) Shareholders are liable only up to the amount of the individual investment
3) A partner whose liability is limited to his or her investment
4) A corporation that is taxed like a partnership
6) An unincorporated business with two or more owners
8) Insurance against debt and actions of a business
10) An entity that pays taxes on earnings
Across
:
2) Owners of the corporation
5) A company whose owners and managers enjoy limited liability and some tax benefits, but it avoids some restrictions associated with Subchapter S corporations
7) A participant in a partnership who as unlimited personal liability and takes full responsibility for managing the business
9) A business that is owned and operated by one person
11) A legal entity that makes money for reasons other than the owner's profit
12) An owner has full responsibility for all debts and actions of the business
13) A business that is registered by a state and operates apart from its owners
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