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 sole proprietorship, a partnership, a corporation, or a limited liability company$/$limited liability partnership.

Business Scenario

Type of Business

Ethan founded and operated a wedding planning agency, which specialized in celebrity weddings.

When he died, his business was dissolved because there was no plan for control after his death.

Radford and his friend Shirley run a carpet cleaning business and distribute the profits proportionately.

Rock Inc. is a mineral mining company. The CEO of Rock Inc. recently died. The news led to a shortterm decline in the company's stock price, but it bounced back after the company announced its $q,q,$ quarterly earnings.

Aakash, Radford, and Jose own an accounting firm in San Francisco. All share in the profits of the firm proportionately and file taxes at an individual level. According to their agreement, none of the owners will be held personally liable for the accounting firm's debt. $$