posted by ifi .
I need to ask some opinion about this question.
determine whether the description refers to solo proprietorship, partnership or corporation.
1. Jo Chen & Al Fitch own Financial services provider. Neither Chen nor Fitch has personal responsibility for the debts of Financial Services.
2. Tampa Biz pays its own income taxes and has 2 owners.
my answer for 1. corporation bcus both of them do not have the responsibility for the libilities. 2. partnership bcus it has 2 owners. I'm I right?