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Determine whether each description best refers to a sole proprietorship, partnership, corporation, or limited liability company ( LLC ) . Determine whether each description best
Determine whether each description best refers to a sole proprietorship, partnership, corporation, or limited liability company LLC
Determine whether each description best refers to a sole proprietorship, partnership, corporation, or limited liability company (LLC). Description a. Ownership of Zander Company is divided into 1 ,000 shares of stock. The company pays a business income tax. b. Russell is the sole owner of Wilson Sports. The business is not a separate legal entity from Russell and the business ends with his death. c. Trent Company is owned by Trent Malone, who is personally liable for the company's debts. d. Micah and Nancy own Financial Services, which pays a business income tax. Micah and Nancy do not have personal responsibility for the debts of Financial Services. e. Vera is the sole owner of Tech Solutions. The business is a separate legal entity and does not pay an additional business income tax. f. Jeffy Auto is a separate legal entity from its owner, but it does not pay a business income tax. g. Harvey and Louis own NYC Law. Harvey and Louis are jointly liable for partnership debts. h. Physio Products does not pay a business income tax and has one owner. The owner has unlimited liability for business debt. Business Organization
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