Just For Fun Quiz / Types of Business Organizations

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QUIZ: Can you name the Types of Business Organizations based ?

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business entity owned and managed by one person.
common form of business organization that is chartered by the state and given many legal rights as an entity separate from its owners
business entity where the owners or partners share with each other the profits and losses of the business
business entity that has the legal rights of a corporation but is taxed like a partnership
a company whose owners and managers enjoy limited liability and some tax benefits, but avoid some restrictions associated with S corporations
partnership where one individual is required to manage the business while the other invests in the business
an organization or business entity that does not distribute its surplus fund to its shareholders, but instead, uses them to help aid its goals

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