Answer Happy

4. Forms of his organizations tusinesses can be conified into the following forms: sole proprietorshow, partnership, corporation, humited tobility company (LC), und limited by partnership (LP) a Different forms of businesses have different characteristics. Which of the following characteristics would go to a partnership check all that som Chartered by a state and in its own legal entity separate and distinct from its owners and managers Taxed at individual level Subject to unlimited personal liability can easily raise large amounts of capital Income is allocated on a pro rata basis Legal arrangement between two or more people