One major type of corporation is a:

The law requires that all partnerships have at least one:

Partners that all have unlimited personal liability and take full responsibility for the management of the business

are:

The easiest and most popular form of business to create is the:

Which type of corporate form is expensive to set up?

The principal disadvantage of a sole proprietorship is:

A partner whose liability is limited to his or her investment is called a:

A(n) ____________________ provides the pass-through tax advantages of a partnership.

The least regulated, easiest, and most inexpensive form of ownership to set up is a(n)

____________________.

The ____________________ protects the entrepreneur against being sued personally for actions and debts of

the corporation and is the most common corporate form.

In a sole proprietorship, the owner is ____________________ for all debts and actions of the business.

A(n) ____________________ is a sole proprietorship with more than one owner.

Many entrepreneurs are running nonprofit businesses that benefit their ____________________.

The major threat that partnerships face is ____________________.

The value of a(n) ____________________ is divided into equal units called shares of stock.

insurance

partners in a business whose liability is limited to their investment

an unincorporated business with two or more partners

a business that is registered by a state

corporations that make money for reasons other than the owners' profit

owned and operated by one person

a corporation taxed like a sole proprietorship or partnership

a company structure that protects the owners with the limited liability of a corporation