In tabular form, discuss the legal status and features of these business entities:
sole proprietorship, partnership, private limited liability company and public limited liability company.
Businesses can organize themselves into several structures, which in various countries have different legal status that can affect their dealings. These contrast against casual business operations that do not have official structures.
Answer and Explanation:
We can construct a table to discuss the legal status and features of these business organizations:
See full answer below.
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Learn more about this topic:
fromChapter 3 / Lesson 5
Learn about business organization structure and understand how it works. Study business entity examples and see the types of business organizational structures.