Types of Business Ownership

Front

Which business structure is owned and operated by a single individual?

Back

Sole Proprietorship

Front

Which business structure is a legal entity separate from its owners?

Back

Corporation

Front

Which business structure involves two or more individuals sharing ownership and responsibilities?

Back

Partnership

Front

Which business structure is the most common and simplest form of business ownership?

Back

Sole Proprietorship

Front

Which business structure is often used by large companies with multiple shareholders?

Back

Corporation

Front

Which business structure requires a formal agreement between the owners? Options: Sole Proprietorship, Corporation, Partnership, Limited Liability Company

Back

Partnership

Front

Which business structure offers flexibility in management and taxation? Options: Sole Proprietorship, Corporation, Partnership, Limited Liability Company

Back

Limited Liability Company

Front

Which business structure is not a separate legal entity? Options: Sole Proprietorship, Corporation, Partnership, Limited Liability Company

Back

Sole Proprietorship

Front

Which business structure provides limited liability protection to its owners and allows for pass-through taxation? Options: Sole Proprietorship, Corporation, Partnership, Limited Liability Company

Back

Limited Liability Company

Front

This type of business is owned by one person.

Back

Sole Proprietorship