Match each business structure with its description. Tiles sole proprietorship partnership co
Match each business structure with its description.
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.