Question

value: 3
choose types of business structure:
mark all correct answers
□ a. sole proprietorship
□ b. partnership
□ c. limited liability company
□ d. subchapter corporation

Explanation:

• Sole Proprietorship: A business owned and run by one individual.
• Partnership: A business structure where two or more people share ownership.
• Limited Liability Company (LLC): Combines pass - through taxation with limited liability protection.
• Subchapter Corporation (S - Corp): A type of corporation that meets specific IRS requirements for tax - efficient operation.

Answer:

A. Sole Proprietorship, B. Partnership, C. Limited Liability Company, D. Subchapter Corporation