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

Question

Quizplus · Accepted Answer

Partnerships are owned by two or more individuals. Proprietorships are owned by one individual. Corporations and LLCs can be owned by multiple individuals, but they have a more formalized structure and are subject to different legal and tax rules.

Match the Following Characteristics with the Form of Business Entity