Options are proprietorship / partnership / corporation / income trust / limited liability partnership (LLP)

Businesses can be classified into the following forms: a proprietorship, a partnership, a corporation, and an income trust. Different forms of businesses have different characteristics. Which of the following characteristics would apply to a proprietorship? Check all that apply. Can easily raise large amounts of capital Has unlimited life Subject to unlimited liability Owned by single individual Less regulated Not subject to double taxation classify it as a proprietorship, a partnership, a corporation, an income trust, or a limited liability partnership (LLP). You come across different kinds of businesses every day. The following table describes some businesses. Using the description of each business, classify it as a proprietorship, a partnership, a corporation, an income trust, or a limited liability partnership (LLP)