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Forms of Business Organization Listed below are the forms of business organization and several related advantages or disadvantages. Required: Match each form of business organization
Forms of Business Organization Listed below are the forms of business organization and several related advantages or disadvantages. Required: Match each form of business organization with its respective advantage or disadvantage. (Hint: Some advantages or disadvantages may be related to more than one form of business organization.) Advantage or Disadvantage a. Most complex to organize b. Owner(s) have personal responsibility for the debt of the organization c. Access to the individual skills of each of the owners d. Limited personal liability for the debt of the organization e. Easier to raise large amounts of capital F. The greatest percentage of businesses are organized in this manner . Owners generally pay higher taxes than owners of other forms of business organizations Form of Business Organization Sole proprietorship Partnership Corporation Sole proprietorship, Partnership Sole proprietorship, Corporation Corporation, Partnership
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