Class with drills

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Possible Answers: SHOP.

Last seen on: NY Times Crossword 24 Jun 2018, Sunday

Random information on the term “SHOP”:

Business is the activity of making one’s living or making money by producing or buying and selling products (goods and services). Simply put, it is “any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.” The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.

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Forms of business ownership vary by jurisdiction, but several common entities exist:

Less common types of companies are:

Note that “Ltd after the company’s name signifies limited company, and PLC (public limited company) indicates that its shares are widely held.”[citation needed]

In legal parlance, the owners of a company are normally referred to as the “members”. In a company limited or unlimited by shares (formed or incorporated with a share capital), this will be the shareholders. In a company limited by guarantee, this will be the guarantors. Some offshore jurisdictions have created special forms of offshore company in a bid to attract business for their jurisdictions. Examples include “segregated portfolio companies” and restricted purpose companies.

SHOP on Wikipedia