Ch 1 Homework M Reading Mode Th alton Trumbo Seved Determine whether each description best refers to a sole proprietorship, partnership, corporation, or limited liability company LLICE Description a Russell is the sole owner of Wilson Sports. The business is not a separate legal entity from Russell and the business ends with his death Business Organization Trent Company is owned by Trent Malone, who is personally liable for the company's debts Sole proprietorship poin 201405 c. Micah and Nancy own Financial Services, which pays a business income tax Micah and Nancy do not have personal responsibility for the debts of Financial Services. d. Vera is the sole owner of Tech Solutions. The business is a separate legal entity and does not pay an additional business income tax Corporation Jetty Auto is a separate legal entity from its owner, but it does not pay a business income tax Limited Sabilty company Harvey and Louis own NYC Law Harvey and Louis are jointy Sable for partnership deb Physio Products does not pay a business income tax and has one owner, The owner has unimited Sability for business debt h. Oscar, Angels, and Kevin own Accounting Solutions. The business has an indefinite life and pays an additional business income tax Sole proprietorship Help Save & Exit Submit Check my work