In which business form does the owner have all responsibility for profits and losses? O Professional Association (PA) Sole proprietorship O partnership O Limited Liability Co. (LLC) Question 2 0.5 pts What kind of partnership can be created without any express agreement? None of these is correct. General Partnership Limited Partnership O Joint Operating Agreement Question 3 0.5 pts The business form that is a separate and distinct "artificial persons from the actual owners of the business is a Sole Proprietorship General Partnership Corporation Limited Liability Partnership