Match the business structure to the correct definition.

Question $109$ options:

$1$

You are the sole owner of this company.

A business under this structure will only be taxed on the personal level, so they do not pay tax on income from their daily operations.

Some of the partners have less interest and less liability in the company.

In this structure, the owner has little or no personal liability because it is a legal entity separate from its owners.

You have a contract with one or more others to run the business.

A company structured so that you and the people who are forming the business with you have less liability for the actions of the company, including its debts.

$1.$

Sole proprietorship

$2.$

General Partnership

$3.$

Limited Partnership

$4.$

Limited Liability Company

$5.$

C Corporation

$6.$

S Corporation