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Across 2. A …… partner does not take part in the running of the partnership 4. A company owned by between 2 and 25 people 5. In a partnership each partner must pay ... on their own share of income 8. Abbreviation for limited 10. Shareholders' have ....... liability for the company’s losses 11. They manage the company on behalf of the shareholders 12. This law regulates companies (3 words) 13. A business owned by one person is a …(2 words)

Down 1. An organisation not operated for the profit of any member (2 words) 2. For accounting purposes the records of the owner and the business are kept ... 3. A business must be registered for ... if income exceeds $40,000 in a year 6. A company is a separate....... (2 words) 7. The liability of a sole trader and the partners in a partnership is ... 9. A company is owned by them