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Partnerships - Business Law

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Across
1
Benefit of corporate form of business
3
Partner not publicly known and does not take an active role in management
6
One owner, unlimited liability
9
Form of ownership by which partners hold partnership property
10
Partner who is not publicly known but is actively managing
11
Separate legal entity created by law of the state
12
Two or more owners, pooled skills and financial resources
Down
2
Buys and sells goods and services commercially
4
The step in termination of a partnership that precedes winding up
5
Personal assets are at risk
6
Publicly known, but does not take active role in partnership
7
Two or more people/firms join to do a specific project
8
Partner whose liability is restricted to his/her investment