Choose the correct terms to complete the sentence. Larry owns his own gym. He is the only owner. His liability is 1.
a. unlimited
b. partnership
c. limited
d. undetermined
and he runs a 2.
a. public company
b. sole proprietorship
c. partnership
Neville is the CEO and shareholder of a company that sells household cleaning products. The company has 75 shareholders and is not
traded on a stock exchange. Neville's company is a 3.
a. sole proprietorship
b. partnership
c. public company
d. private-limited company
and his liability is 4.
a. limited
b. unlimited
c. undetermined