Question

what kind of business are you? select the appropriate word for each category. category | sole proprietorship | partnership | corporation business with two or more owners. | o | o | o double taxation. | o | o | o stock - buying option. | o | o | o owner operates business on his own. | o | o | o one owner has unlimited liability. | o | o | o limited liability for limited partners. | o | o | o

Explanation:

1. A partnership has two or more owners.
2. Corporations face double - taxation (taxed on corporate income and then shareholders on dividends).
3. Corporations offer stock - buying options.
4. A sole proprietorship is run by a single owner.
5. In a sole proprietorship, the owner has unlimited liability.
6. In a partnership, limited partners have limited liability.

Answer:

1. Partnership
2. Corporation
3. Corporation
4. Sole Proprietorship
5. Sole Proprietorship
6. Partnership