FUHRMS: Forms of Businesses II

Match it! Select the correct answer from the pull down...Good luck!

Easier to raise money and expand.

Someone who initiates and assumes the financial risk of a new enterprise.

A business entity formed in compliance with the statutory requirements of its state of incorporation in order to receive a charter.

Fewer regulations to follow but shared profits.

The owner could lose personal equity if the business fails.

Owner has the maximum degree of control over business decisions.

Owner liability is limited to their investment (share) in the corporation

The owner may be a great accountant but only a fair salesperson.