Question

Match each business structure with its description

Answer 1

D IS A

A IS B

B IS C

C IS D

Answer 2

The business owners personal assets are protected from liabilities but the business is not a separate tax entity - LIMITED LIABILITY COMPANY.

A single individual is personally responsible for all liabilities incurred by the business - SOLE PROPRIETORSHIP

One business owner may contribute less time and effort than the other, leading to dispute and bitterness - PARTNERSHIP

The business structure is strictly regulated by the government and requires an overwhelming amount of paperwork and involves high start up cost - CORPORATION

Hope this helps. Thanks