| A | B |
|---|
| Sole Proprietorship | One owner |
| Partnership | two or more owners |
| unlimited liability | full responsibility for all actions and debts of a business |
| general partnership | when owners have unlimited liability |
| Limited partnership | when owners have limited liability |
| corporation | a business that is chartered or registered |
| c corp | most common corporation form |
| subchapter s corp | taxed like a sole proprietorship |
| non profit | make $ for reasons other than profit |
| LLC | Limited Liability Corp |
