Legal Structures Crossword Puzzle

QUESTIONS LIST:

• sole trader : a business owned and operated by one person who takes all the risks and rewards
• partnership : a business owned by two or more people sharing responsibility and profit
• ltd : a type of private limited company where shares are not offered to the public
• plc : a company whose shares can be bought and sold by the public on the stock exchange
• ipo : the first time a company sells its shares to the public, becoming a plc
• liability : the legal obligation a business or its owners have to settle debts or financial commitments
• cooperatives : organisations owned and run by and for their members, who share the profits
• incorporated : a business that has a separate legal identity from its owners
• unlimited : a type of liability where the owner is personally responsible for all business debts
• limited : a type of liability where the owners’ personal assets are protected
• dividend : a portion of a company’s profit paid to shareholders as a reward
• shareholder : a person or organisation that owns part of a company through owning shares
• memorandum : a document that sets out the constitution and scope of a company
• articles : the rules governing the internal management of a company