For each of the following scenarios, select an "X" under the applicable form of business in the space provided.
Proprietorship Partnership Corporation
a. The business is not making enough money to pay its bills. The owners do not have to make up the difference with their personal funds.
b. Anna and Sui have owned their business together for five years. Anna dies. The business must be closed if they chose this form of business.
c. An unincorporated business with five owners is a. . .
d. The profits of Chi's business must be reported on her tax return.
e. There is a lawsuit against a business, and there is not enough money to pay the claim. The owners only lose the amount they have invested into the business.