Match each term with its related definition by entering the appropriate letter on the blank provided Term 1 Sole proprietorship 2 Partnership 3 Corporation Definition A Business owned by more than one individual who are liable for the debts of the business B Business owned by one individual who pay...

Match each term with its related definition by entering the appropriate letter on the blank provided. Term

Question:

Match each term with its related definition by entering the appropriate letter on the blank provided.
Term
____ 1. Sole proprietorship
____ 2. 3. Business owned by more than one individual who are liable for the debts of the business.
B. Business owned by one individual who pays taxes on the profits of the business.
C. Business that pays taxes and sells shares of stock to owners.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...