Complete the following table with either a yes or no regarding the attributes of a proprietorship, partnership, corporation, and limited liability company (LLC). Attribute Present Proprietorship Partnership Corporation LLC 1. Limited liability 2. Business entity 3. Legal entity

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Complete the following table with either a yes or no regarding the attributes of a proprietorship, partnership, corporation, and limited
liability company (LLC).
Attribute Present
Proprietorship Partnership
Corporation
LLC
1. Limited liability
2. Business entity
3. Legal entity
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179
COFEB
5,200
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Transcribed Image Text:Save & ExIt Sübmit Complete the following table with either a yes or no regarding the attributes of a proprietorship, partnership, corporation, and limited liability company (LLC). Attribute Present Proprietorship Partnership Corporation LLC 1. Limited liability 2. Business entity 3. Legal entity ( Prev 2 of 6 Next > T國A回 179 COFEB 5,200 6 étv
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Proprietorship is usually owned by a single individual wherein the obligation is unlimited.

Partnership is a business firm which is being operated by two or more individuals called partners.

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