1. Business Forms Practice SP, P or C

2. SP, P or C? 1. Has both general and limited forms 2. Has the largest number of businesses 3. Is considered a legal entity 4. Easy to establish (2) 5. Easy to raise financial capital (stocks) 6. Double taxation 7. Unlimited liability (2) 8. You are your own boss 9. Unlimited life 10. Profit = income

3. SP, P or C? 1. Has both general and limited forms P 2. Has the largest number of businesses SP 3. Is considered a legal entity C 4. Easy to establish (2) SP and P 5. Easy to raise financial capital (stocks) C 6. Double taxation C 7. Unlimited liability (2) SP and P 8. You are your own boss SP 9. Unlimited life C 10. Profit = income SP