Determine whether each description best refers to a sole proprietorship, partnership, corporation, or limited liability company (LL Description a. Lannister owns Wealth Management. The business is a separate legal entity and pays an additional business income tax. b. Riley and Kay own Speedy Packages, a courier service. Both are personally liable for the debts of the business. c. Ownership of Zander Company is divided into 1,000 shares of stock. The company pays a business income tax. d. 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. e. Trent Company is owned by Trent Malone, who is personally liable for the company's debts. f. 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. g. Vera is the sole owner of Tech Solutions. The business is a separate legal entity and does not pay an additional business income tax. h. IBC Services does not have separate legal existence apart from the one person who owns it. Business Organization Corporation Limited liability company Partnership Sole proprietorship 4

Determine whether each description best refers to a sole proprietorship, partnership, corporation, or limited liability company Determine whether each description best refers to a sole proprietorship, partnership, corporation, or limited liability company