Match each of the following forms of business organization with a set of characteristics sole proprietorship (SP), partnership (P), corporation (C) (a) Shared control, tax advantages, increased skills and resources (b) Simple to set up and maintains control with founder (c) Easier to transfer owner...

a P Shared control tax advantages incre ...

Match each of the following forms of business organization with a set of characteristics: sole proprietorship (SP),

Question:

Match each of the following forms of business organization with a set of characteristics: sole proprietorship (SP), (P), (C).
(a) _____ Shared control, tax advantages, increased skills and resources.
(b) _____ Simple to set up and maintains control with founder.
(c) _____ Easier to transfer ownership and raise funds, no personal liability.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...