Choose the correct terms to complete the sentence.
Larry owns his own gym. He is the only owner. His liability is 1.______
a. unlimited
b. partnership
c. limited
d. undetermined
and he runs a 2._____
a. public company
b. sole proprietorship
c. partnership
Neville is the CEO and shareholder of a company that sells household cleaning products. The company has 75 shareholders and is not
traded on a stock exchange. Neville's company is a 3._____
a. sole proprietorship
b. partnership
c. public company
d. private-limited company
and his liability is 4.______
a. limited
b. unlimited
c. undetermined