Question

match each business structure with its description. the business structure is strictly regulated by the government, requires an overwhelming amount of paperwork, and involves high start - up costs. one business owner may contribute less time and effort than the other, leading to disputes and bitterness. a single individual is personally responsible for all liabilities incurred by the business. the business owners personal assets are protected from liabilities, but the business is not a separate tax entity. limited liability corporation, sole proprietorship, partnership, corporation

Explanation:

1. A sole - proprietorship has a single individual who is personally responsible for all liabilities incurred by the business.
2. In a partnership, one business owner may contribute less time and effort than the other, leading to disputes and bitterness.
3. A limited - liability corporation protects the business owners' personal assets from liabilities, but the business is not a separate tax entity.
4. A corporation is strictly regulated by the government, requires an overwhelming amount of paperwork, and involves high start - up costs.

Answer:

1. A single individual is personally responsible for all liabilities incurred by the business - Sole proprietorship
2. One business owner may contribute less time and effort than the other, leading to disputes and bitterness - Partnership
3. The business owners' personal assets are protected from liabilities, but the business is not a separate tax entity - Limited liability corporation
4. The business structure is strictly regulated by the government, requires an overwhelming amount of paperwork, and involves high start - up costs - Corporation