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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 life
Use the following format to indicate (with a "yes" or "no")whether or not a characteristic applies to each type of business organization.
Information Crucial
Essential or critical information necessary for understanding or making decisions.
Multiple Audiences
Multiple audiences refer to the diverse groups of people that communication, work, or media is intended to reach, each with different characteristics, needs, and expectations.
Recommendations
Section of a report that specifies items for action.
Urban Development
The planning and implementation of projects aimed at improving the social, economic, and physical structures of urban areas.
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