Question

1. Fill in the grid below with simple one or twe word answers. Examples are listed and the first column is completed for an example. н General "S" "C" Characteristic Proprietorship Partnership Partnership LLC LLP Corp. Corp. Liability (Personal, Company Only, Depends) Personal Taxation Personal (Personal, Company/Double) Ease of Outside Fund Raising Harder (Easier/Harder) Set Up and Governance Very Easy (Easier/Cheaper - Harder/Expensive) Typical Users (Company Size or Type) One Person

Answer 1

please see the table below, this should help:

Characteristic	Proprietorship	Partnership	Limited partnership	LLC	LLP	S Corp	C Corp
Liability	Personal	Personal	Depends	Company only	Depends	Company only	Company only
Taxation	Personal	Personal	Personal	Personal	Personal	Personal	Double
Ease of outside funding	Harder	Harder	Harder	Harder	Harder	Easier	Easier
Set up and governance	Very easy	Very easy	Very easy	Harder-cheaper	Harder-cheaper	Harder	Harder
Typical users	One person	Two persons	Two or more persons	One or more persons	Two or more persons	no more than 100 shareholders	Unlimited persons