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* TYPES OF BUSINESSES *..plzzz help me answer these 2 Q's..?

1. These two types of companies often times have difficulty, due to the fact they cannot raise capital by selling shares to the public. Therefore, they are normally restricted to using whatever money the owners can invest and borrow, personally. What are these two types of companies?


2. This type of company relies on the capital of its owners, who are legally liable, should there be a lawsuit against the company. Normally, the profit is distributed amongst the owners, according to the percentage of ownership. What is this type of company called?

a-the development of an organization
b-sole proprietorship
c-partnership
d-corporations
e-public coporations

answer to question number 1 is: sole proprietorship and partnership.

number 2: partnership

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