题目内容
The three major forms of business ownership in the U.S. are sole proprietorships, partnerships, and corporations.
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When two or more people legally agree to become co-owners of a business, the form of business is called a partnership.
A legal entity with authority to act and have liability separate from its owners is called a sole proprietorship.
A major advantage of sole proprietorships is that an owner has limited liability for the debts of his or her business.
Sole proprietors sometimes have trouble competing with large firms for expert talent. Large firms can usually pay better and offer fringe benefits that are unaffordable to the sole proprietor.
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