Sorry the questions are in picture form.

Match the characteristics of the 3 major types of business ownership under the appropriate heading. Three answers can he used twice noted by (2) Has limited life (2) Can sell bonds Has elected directors Is complex to set up Has unlimited liability (2) Has limited liability Has fewer slcills to run Must share prots (2) Is viewed as a legal entity business Has unlimited life E prots taxed twice Can sell stocks Keeps all the prots Has total control Sole Proprietorship Partnership Corporation \fAdvantagesmisadvantages of Business Organizations Use the following AD to describe the statements below. A Advantage of a sole proprietorship or partnership B Disadvantage of sole proprietorship or partnership C Advantage of a corporation D Disadvantage of a corporation _ 1. There is no need to le papers and few fees are necessary. 2. Personal liability is limited to the amount of money invested in the business. 3. The business can raise capital by selling shares of stock. 4. Owners are personally liable for all debts 8.: judgments against the business. 5. Owners get to keep all the prots. 6. These businesses have the better longevity (unlimited life). 7. The owner dies, the business stops. 8. Unlimited liability means after bankruptcy, the owners can lose their house, oar, furniture and savings. _ 9. Each partner is fully responsible for the acts of all partners. 10. These businesses undergo double taxation-on it_s prots and on it_s dividends