Business Structures Exit Ticket

Front

In a sole proprietorship, who is responsible for business debts?

Back

The owner.

Front

Which business structure offers limited liability to its owners? Options: Corporation, Sole Proprietorship, Partnership, Limited Liability Partnership

Back

Corporation

Front

Which business structure is often considered the easiest to form?

Back

Sole Proprietorship

Front

What is a significant risk associated with partnerships?

Back

Unlimited liability

Front

Which type of business structure is typically best for raising large amounts of capital?

Back

Corporation