Question $3$ of $8$

$\frac{2\mathrm{.}5}{5}$

Characteristics

Forms of Business Or

a$)$ Most expensive to establish

b$)$ Least expensive to maintain

Proprietorship

c$)$ Separate legal entity

Corporation

d$)$ Has multiple owners

Proprietorship & Partnersh$$

e$)$ Profits are taxed in the hands of the owner$($s$)$

f$)$ Owner$($s$)$ responsible for the debts of the business and this is not limited to the amount invested