Question

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

Explanation:

• LLC protects personal assets but isn't a separate tax entity.
• Sole proprietorship has one owner personally liable.
• Partnership may have disputes over unequal contributions.
• Corporation has strict regulation, paperwork, and high start-up costs.

Answer:

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