Question

7 (02.03 lc) in which type of business do shareholders own a portion of the company and have some say in how it is run? (1 point) corporation limited liability partnership sole proprietorship 8 (02.03 lc) which type of business has owners that share the debts and the profits but avoid the expense of incorporation? (1 point) corporation limited liability partnership sole proprietorship 9 (02.03 mc) which of the following do a sole proprietorship and a partnership share? (1 point) ease of stopping and starting shared debt liability profit - sharing options protection of personal assets

Explanation:

In a partnership, partners share debts and profits. In a sole - proprietorship, the owner has all the profits and debts. Both sole - proprietorships and partnerships avoid the expense of incorporation. Shareholders in a corporation own a portion of the company and have a say in its running.

Answer:

1. Corporation
2. Partnership
3. Ease of stopping and starting, Shared debt liability, Profit - sharing options