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  3. Forms of Business Organizations Businesses are structured to meet different needs. / One basic difference involves who is r

Forms of Business Organizations Businesses are structured to meet different needs. / One basic difference involves who is r

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答案 Forms of Business Organizations Businesses are structured to meet different needs. / One basic difference involves who is responsible for the business. / Another involves how long the organization can stay in business. / The simplest form of business is called an individual proprietorship. / The proprietor owns all the property of the business and is responsible for it. / This means the proprietor receives all the profits, / but must also pay all the debts of the business. / Also, any legal action against an individual proprietorship is taken against the owner. / The law recognizes no difference between the owner and the business. /
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