Match each of the following forms of business organization with a set of characteristics: sole proprietorship (SP),
Question:
Match each of the following forms of business organization with a set of characteristics:
sole proprietorship (SP), partnership (P), corporation (C).
(a) _____ Shared control, tax advantages, increased skills and resources.
(b) _____ Simple to set up and maintains control with owner.
(c) _____ Easier to transfer ownership and raise funds, no personal liability.
AppendixLO1
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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