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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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