The characteristics below apply to at least one of the forms of business organization.a. Is a separate legal entity.b. Is allowed to be owned by one person only.c. Owner or owners are personally liable for debts of the business.d. Is a separately taxable entity.e. Is a business entity.f. May have a contract specifying the division of profits among the owners.g. Has an unlimited lifeUse the following format to indicate (with a "yes" or "no") whether or not a characteristic applies to each type of business organization.?ProprietorshipPartnershipCorporationLLCa.????b.????c.????d.????e.????f.????g.????
What will be an ideal response?
| ? | Proprietorship | Partnership | Corporation | LLC |
| a. | no | no | yes | yes |
| b. | yes | no | yes | yes |
| c. | yes | yes | no | no |
| d. | no | no | yes | no |
| e. | yes | yes | yes | yes |
| f. | no | yes | no | yes |
| g. | no | no | yes | yes |
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