Question

this business structure _ means that two or more people are held personally liable as business owners.
sole proprietorship
partnership
corporation
limited liability company (llc)
_ is one of the most common structures for small businesses.
corporations
cooperatives
limited liability corporation (llc)
taxation business structure

Explanation:

1. In a partnership, two or more people are personally liable as business owners. A sole - proprietorship has one owner, a corporation offers limited liability to its shareholders, and an LLC also has limited liability features.
2. Limited Liability Companies (LLCs) are popular among small businesses due to their flexibility in management, tax - treatment options, and limited liability protection for owners. Corporations are more complex, cooperatives have a different ownership and operation model, and "Taxation Business Structure" is not a standard business structure type.

Answer:

1. B. Partnership
2. C. Limited Liability Corporation (LLC)