Forms of Business Organization

Match the following organizational attributes in the left column with the organizational form in the right column. More than one organizational form may be associated with a given attribute.

Business income combined with owner$($s$)$ income for income tax purposes

Full control

Sole proprietorship

Unlimited liability

Sole proprietorship

Easier to raise funds

Corporation

Relatively more difficult to establish

Corporation

Forms of Business Organization

Match the following organizational attributes in the left column with the organizational form in the right column. More than one organizational form may be associated with a given attribute.

Business income combined with owner$($s$)$ income for income tax purposes

Sole proprietorship and partnership $-{?}^{}$

Full control

Sole proprietorship

Unlimited liability

Sole proprietorship

Easier to raise funds

Corporation

Relatively more difficult to establish

Corporation