Formsof business organizations

Businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company $($LLC$),$ and limited liability partnership $($LLP$).$

Different forms of businesses have different characteristics. Which of the following characteristics belong to a proprietorship? Check all that apply.

Can easily raise large amounts of capital

More easily created and less regulated

Profits taxed only once, at the individual $($personal$)$ level

Subject to unlimited liability