Question

Match each business structure with the scenario that describes it.

Answer 1

1. The answer is "partnership".

The A partnership is a formal course of action in which at least two gatherings participate to oversee and work a business. Different partnership arrangements are conceivable in which all accomplices may share liabilities and benefits similarly or a few accomplices may have constrained risk. Only one out of every odd accomplice is fundamentally associated with the administration and everyday activities of the endeavor, for example, on account of a "silent partner."

2.  The answer is "corporation".

A corporation is a legitimate substance that is isolated and unmistakable from its proprietors. Companies appreciate the vast majority of the rights and duties that an individual has: enter contracts, credit and obtain cash, sue and be sued, enlist workers, possess resources and make good on regulatory obligations. Some allude to it as a "legal person."  

A corporation is made when it is fused by a gathering of investors who have responsibility for enterprise, spoken to by their holding of normal stock, to seek after a shared objective.  

3. The answer is "Sole Proprietorship".

The sole proprietorship is the least complex business frame under which one can work a business. The sole proprietorship is anything but a lawful element. It essentially alludes to an individual who claims the business and is by and by in charge of its obligations. A sole proprietorship can work under the name of its proprietor or it can work together under an invented name, for example, Sunny's Nail Salon. The invented name is just an exchange name- - it doesn't make a lawful substance separate from the sole owner proprietor.  

Answer 2

1 is a Partnership
2 is a Corporation
3 is a Sole Proprietorship