Directions: Match the characteristics of the 3 major types of business ownership under the appropriate heading. Three answers can be used twice. A- Has limited life (2) F - Is complex to set up K - Fewer resources to run business B - Can sell stocks G - Can sell bonds I - Has unlimited liability (2) C - Must share profits (2) H - Has unlimited life M - Keeps all the profits D - Has elected directors I - Has limited liability N - Is viewed as a legal entity E - Profits are taxed twice J - Has total control Sole Proprietorship Partnership Corporation 1. Ls 2. - 3. 3. 4. n 0PN B W Np