PROBLEM 2-7 Categorizing Forms of Business Organizations INSTRUCTIONS Match the letter next to each form of business with the appropriate items in the following list of advantages and disadvantages. You may

use a letter more than once. Use the form provided in your working papers. A. Sole Proprietorship B. Partnership C. Corporation 1. Easier to raise money 2. Limited expertise 3. Higher start-up costs 4. Owner has total control 5. Shared profits 6. Higher taxes 7. Fewer regulations to follow 8. Easy transfer of ownership 9. Risk of conflict between owners 10. Easy to expand