Review Below are descriptions of different business organizations. For each one, indicate whether the description refers to a corporation, partnership, or sole proprietorship. 1. The business has one owner who is not personally liable for any debts. 2. The business has one owner who is personally liable for any debts. 3. The business has two owners who are personally liable for any debts. 4. The business has three owners who are not personally liable for any debts. 5. The business has a separate legal existence apart from its one owner. 6. The business has no separate legal existence apart from its two owners. 7. The business has a separate legal existence apart from its two owners. 8. The business has no separate legal existence apart from its one owner. 9. The business pays its own taxes and has one owner. 10. The business pays its own taxes and has four owners. 11. The business does not pay its own taxes and has one owner. 12. The business does not pay its own taxes and has ten owners. 75