Match the different advantages and disadvantages with the following legal forms of business. Enter the letter for you answer in the space provided. NOTE: You will have to use some answers more than once.

Owner(s) keep all the profits b. Has rights and privileges similar to a real person

c. Relatively easy to form the business d. Owner(s) have unlimited liability for business debts

e. Equity limited to owner(s) wealth f. Owner(s) have limited liability for business debts

g. Forming the business can be difficult h. Profits may be subject to double taxation

Advantage Disadvantage

Sole Proprietorship ________ ________

________ ________

Partnership ________ ` ________

________ ________

Corporation ________ ________

________ ________