what kind of business are you? select the appropriate word for each category. category | sole proprietorship…

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

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

Answer

Answer:

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

Brief Explanations:

  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.