Question: Consider the following separate situations, identify each as being a sole proprietorship, partnership, corporation, or limited liability company. Business Organization Partnership Description Raymond and Amy

Consider the following separate situations, identify each as being a sole

Consider the following separate situations, identify each as being a sole proprietorship, partnership, corporation, or limited liability company. Business Organization Partnership Description Raymond and Amy own Security Services. The business is not a separate legal entity. Physio Products does not pay income taxes and has one owner. The owner has unlimited liability for business debt. Riley and Kay own Speedy Packages, a courier service. Both are personally liable for the debts of the business. Lannister owns Wealth Management. The business is a separate legal entity and pays an additional business income tax. Oscar, Angela, and Kevin own Accounting Solutions. The business has an indefinite life and pays an additional business income tax. Ownership of Zander Company is divided into 1,000 shares of stock. The company pays a business income tax. 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. Trent Company is owned by Trent Malone, who is personally liable for the company's debts. Sole proprietorship Limited liability company Corporation

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