The primary way to distinguish among corporations,partnerships,and proprietorships is by observing:

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The primary way to distinguish among corporations, partnerships, and proprietorships is by observing ownership characteristics. In a corporation, ownership is divided among shareholders who have limited liability. In a partnership, ownership is shared by two or more individuals who are liable for the business's debts. In a proprietorship, ownership is held by a single individual who also assumes all the risks and liabilities. The size of the industry, the number of firms, or profits do not necessarily distinguish between these forms of business organizations.

The Primary Way to Distinguish Among Corporations,partnerships,and Proprietorships Is by Observing