1. Which form of organization has ownership claims which that potentially are the most liquid? (= easy to sell ownership)

   a-Sub-chapter d-corporation b-CorporationGeneral partnership c-Limited partnership
2. In which of the following ways does a proprietorship differ from a partnership? a-Taxation b-Owner liability c-Liquidity of ownership d- Number of owners

3. in what ways does a limited partnership differ from a corporation?

   1. Ease of start-up

   2. Limited liability of owners

   3. Taxation

   4. Some owners do not participate in the day-to-day operations of the firm