Describe the ownership-who has liability-who receives profit

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Reference no: EM131232857

Can you help me with as much as you can please? I am pretty lost!

Sole Proprietorship

Partnership

Limited Liability Company

Corporation

S Corporation

FOR EACH TYPE OF OWNERSHIP ABOVE ANSWER EACH QUESTION

Describe the ownership, who has liability, who receives profit and at what proportion.

Describe/List the process to register the business. What are the requirements to register this type of business?

Who pays taxes? When are taxes paid?

What are the advantages of this type of ownership?

What are the disadvantages of this type ownership?

Reference no: EM131232857

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