Match the following characteristics with the form of business entity that best describes it. Each may be used more than once.
-Used by large business
A)Proprietorship
B)Partnership
C)Corporation
D)Limited liability company (LLC)

Question

Quizplus · Accepted Answer

Corporations are typically used by large businesses due to their ability to issue stocks and raise capital through public offerings. Proprietorships and partnerships are generally not ideal for large businesses as they offer unlimited personal liability for their owners. While LLCs can be used by large businesses, corporations offer more established legal precedent and structure.

Match the Following Characteristics with the Form of Business Entity