escription to select the type of business organization. Description Dallas Glynn, the owner of XYZ Co., reports the profits of the business on her personal income tax return Willaby Co. is not considered a separate legal entity from its two owners, Sandra Castell and Kimberly Fisher. Hector Mendez, the owner of Cantu Excavating, is personally liable for the debts of the company Sandra Castell and George Hemphill own Southwest Consulting Both Sandra Castell and George Hemphill are personally liable for the debts of Southwest Consulting The 15 owners of Wilson Sales each have 10,000 shares