Drag the tiles to the correct boxes to complete the pairs.
Match each business structure with its description.
sole proprietorship
partnership
corporation
limited liability corporation
The business owners' personal assets are protected from liabilities, but the business is not a separate tax entity.
A single individual is personally responsible for all liabilities incurred by the business.
One business owner may contribute less time and effort than the other, leading to disputes and bitterness.
The business structure is strictly regulated by the government, requires an overwhelming amount of paperwork, and involves high start-up costs.
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