Match the characteristics of the 3 major types of business ownership under the appropriate heading. Three answers can be used twice.
Has limited life (2)
Is complex to set up
Has fewer skills to run business
Can sell stocks
Can sell bonds
Has unlimited liability (2)
Must share profits (2) Has unlimited life
Keeps all the profits
Has elected directors Has limited liability
Is viewed as a legal entity
Has profits taxed twice Has total control
Sole Proprietorship
Partnership
Corporation
1.
2.
3.
4.
5.
1.
2.
3.
1.
2.
3.
4.
5.
6.
7.
8.
9.

Instead of being thirteen republics, under a federal head, [the federalists’ plan] is clearly designed to make us one [unified] government. . whether such a change can ever be [made] in any manner; whether it can be [made] without convulsions and civil wars; whether such a change will not totally destroy the liberties of this country—time only can determine. –the federal farmer what best summarizes the point of view the excerpt expresses? in time, one unified government will run the country. the federalists prefer thirteen republics to one unified government. one unified government probably will not lead to disruptions and civil wars. under one unified government, people will be robbed of their freedoms.