Business Organizations
Introduction: Sort the descriptions according to the business type they fit best.

Sole proprietorship:

Partnership:

-is owned by two or more people
-Is easiest to start
-Includes 75% of all US businesses
-Can be easier to raise funds
-is owned by a single person
-Requires sharing of profits

Respuesta :

A business organization is a business created for the purpose of conducting commercial business.

What do you mean by Sole Proprietorship?

Sole Proprietorship — also known as a sole proprietor or proprietary patent holder — is a non-compliant corporation that pays a single personal income tax return on a profit earned on the b

Under Partnership:

  • It is owned by two or more people
  • It can be easier to raise funds
  • It requires sharing of profits

Under Sole Proprietorship:

  • It is easiest to start
  • It includes 75% of all US businesses
  • it is owned by a single person

Thus, these are the correct matches under partnership and sole proprietorship.

Learn more about Sole Proprietorship:

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