Question

Match the following. 1. Business owned by many people; separate entity owners have limited personal accountability for the debts and dealings; newest form; (llc),2. Business owned by two or more people,3. Piece of ownership in a corporation, 4. Business owned by one person; most common,5. Corporation, 6. Limited liability company, 7. Share of stock, 8. Sole proprietorship, 9. Partnership

Answer 1

The terms are matched with their respective business structures, from sole proprietorships to corporations, with details about each structure's ownership and liability.

Step-by-step explanation:

To match the following terms with their correct business structure, we can align them as follows:

1. Limited liability company (LLC): Business owned by many people; separate entity, owners have limited personal accountability for the debts and dealings; newest form.
2. Partnership: Business owned by two or more people.
3. Share of stock: Piece of ownership in a corporation.
4. Sole proprietorship: Business owned by one person; most common.
5. Corporation: An entity that is legally separated from its owners and shareholders, providing limited liability.
6. (Repeated for emphasis) Limited liability company (LLC): Again, a business where owners have limited personal liability.
7. (Repeated for emphasis) Share of stock: Again, this represents a unit of ownership in a corporation.
8. (Repeated for emphasis) Sole proprietorship: Again, a business owned and operated by one individual.
9. (Repeated for emphasis) Partnership: Again, a business structure where two or more individuals share ownership and management responsibilities.

Sole proprietorships are the most common and straightforward business structure, while partnerships extend ownership to a group. Corporations and Limited liability companies offer different levels of liability protection and tax implications.