Match the different advantages and disadvantages with the following legal forms of business. Enter the letter for you answer in the space provided. NOTE:You will have to use some answers more than once.
Owner(s) keep all the profits b. Has rights and privileges similar to a realperson
c. Relatively easy to form the business
d. Owner(s) have unlimited liability for business debts
e. Equity limited to owner(s) wealth f. Owner(s) have limited liability for business debts
g. Forming the business can be difficult h. Profits may be subject to double taxation
Advantage Disadvantage
Sole Proprietorship ________ ________
Partnership ________ ` ________
Corporation ________ ________