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Match each of the definitions in #1-5 with one of the following Business Organization structures: Corporation General Partnership Limited Partnership Limited Liability Company Sole Proprietorship

Match each of the definitions in #1-5 with one of the following Business Organization structures:

Corporation

General Partnership

Limited Partnership

Limited Liability Company

Sole Proprietorship

Formed by >=2 individuals (or entities), each with unlimited liability:

Formed by >=2 individuals (or entities), some but not all with unlimited liability:

Easiest to form and the most common business entity:

A distinct legal entity treated as a legal person:

Entity operates like a partnership and all owners have limited liability:

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